Key facts: Honda ¥423.9B net loss; scraps EV plans, holds Nissan talks
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Honda Motor Co. reported a net loss of ¥423.9B for FY Mar 2026, primarily due to EV writedowns and restructuring costs. The company has scrapped several EV projects, including three models in Ohio and an $11B Canadian plant, and will shift focus to hybrids in North America by 2027. Additionally, Honda is in talks with Nissan regarding a potential alliance.
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