Honda Faces First Loss in 70 Years After Killing Three EV Models

Honda faces first loss in 70 years after killing three EV models

Honda is scrapping three electric vehicles that were headed for North American production, a decision that’ll trigger its first annual loss as a publicly traded company in nearly seven decades. The Japanese automaker confirmed Thursday it’s killing the Honda 0 SUV, Honda 0 Saloon, and Acura RSX, absorbing a financial blow that could hit 2.5 […]

Honda Cancels 0 SUV And 0 Saloon EVs Ahead Of Planned Launch

Honda has announced that it is cancelling the development and market launch of its upcoming Honda 0 SUV and Honda 0 Saloon EVs, just months before production was scheduled to begin in the United States. The Japanese automaker also confirmed that the US-market Acura RSX has been scrapped. The company said the move came after a reassessment of its automobile electrification strategy, which was prompted by rapidly changing business conditions and w…

Honda 0 Saloon and 0 SUV EVs cancelled - Acura RSX also canned as automaker tackles financial challenges

Honda has announced that it is cancelling the development and market launch of its 0 Series electric vehicle models, the 0 Saloon and 0 SUV, just months before production for them was set to begin in the United States. The Japanese automaker also announced that the US-market Acura RSX had been canned. The company said the decision to pull the plug on the EVs was made as part of the reassessment of its automobile electrification strategy, brought…

Honda Cancels 0 SUV, Sedan As EV Plans Shift - India Gains Strategic Importance

Honda Motor Co. has announced a major reassessment of its global automobile electrification strategy, cancelling three electric vehicle models The post Honda Cancels 0 SUV, Sedan As EV Plans Shift – India Gains Strategic Importance appeared first on RushLane.