Honda Motor posted its first full-year loss ever as a listed company as an aggressive pivot to electric vehicles left it with a big bill and uncertainty ahead.?
It booked a net loss of ?424 billion ($2.7 billion) in fiscal 2025, which ended in March, taking a ?1.58 trillion hit on its EV business.???
¡°In response to the drastic shifts in the EV business environment, we have promptly reorganized our EV operations and investments,¡± Honda CEO Toshihiro Mibe said at a news conference.?
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