Honda scraps long-term EV targets and Canadian project after posting annual loss
Honda absorbs massive EV-related write-downs but forecasts a profit rebound, leans on expanding motorcycle operations and commits hefty shareholder returns
Honda Motor reported its first annual loss in nearly 70 years as a listed company, driven by more than $9 billion in costs to restructure its electric vehicle (EV) business, and scrapped its long-term EV sales targets. The company posted an operating loss of ¥414.3 billion ($2.63 billion) for the year ended March 2026.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
