Honda lost money for the first time in nearly 70 years. Over $9 billion in EV restructuring charges drove the loss. The company has also abandoned its long-term electric vehicle sales target.

Honda Motor reported its first annual loss in nearly 70 years as a public company, driven by over $9 billion in restructuring costs tied to its electric-vehicle business, and has abandoned its long-term EV sales target.

Honda is reportedly delaying five next-generation models for multiple years because it lost so much money on EVs (-$15.7B). These vehicle redesigns have been delayed: • Honda Odyssey (current design came out in 2017): Delayed to 2030 • Honda Accord: Delayed to 2030 • Honda HR-V: Delayed to 2032 • Acura MDX: Delayed to 2031 • Acura Integra: Delayed to 2032 Honda reportedly weighed cutting the Odyssey from its lineup for a brief period until the new hybridized model arrived, but decided against it to prevent customers from migrating to other brands. Honda is cancelling the Prologue EV in the US at the end of this year, just two years after it was introduced, which means that starting in January 2027, Honda will no longer have any new EVs for sale in its lineup in America. The company also recently announced that it is exiting the South Korean car business after 23 years because it can't figure out how to compete there. Tough times for Honda.

#HondaPartner# Coco Jones is set to present the Rising Star Award, presented by @Honda Stage, at #BBWomenInMusic# at the Hollywood Palladium in Los Angeles. ⭐️ Watch live April 29 on Billboard's YouTube and

WATCH: Honda Motor posted its first annual loss in nearly 70 years as a listed company, hit by more than $9 billion in costs to restructure its electric-vehicle business, and the firm scrapped its long-term EV sales target

🇯🇵 For the first time since 1955, Honda has reported a net loss. • ¥403.3 billion loss (~$2.6 billion) for the fiscal year ending March 2026 • Took a massive ¥1.6 trillion (~$10 billion) writedown on its EV investments • This wiped out what would have been a solid ~$7.4 billion profit

Man in Long Beach hits two kids riding a bike, crashes into a parked Honda Civic, then gets out and threatens the owner with a bat before running over her foot and speeding away. The owner later posted the footage online hoping someone can identify him.