Overview
- Honda, which reported results Thursday, logged its first operating and net loss in decades after about ¥2.5 trillion in EV write‑downs and cited U.S. policy shifts and tougher Chinese competition as key factors.
- The company will indefinitely suspend its planned EV value‑chain project in Alliston, Ontario, a move it says will not affect current jobs or output at its existing plant.
- Through March 2029, Honda plans to invest ¥4.4 trillion in petrol and hybrid programs, ¥1 trillion in software, and ¥800 billion in EVs, with a reassessment of EV spending to follow based on demand.
- The reset includes 15 new hybrid models by 2030 with larger D‑segment vehicles slated for North America in 2029, plus a shift of spare Ohio factory capacity to hybrids and a partial conversion of the L‑H Battery JV lines to hybrid batteries.
- Shares rose about 7% after Honda forecast a return to profit in the year ending March 2027 despite further EV‑related charges, underscoring investor support for the turnaround plan.