Live Feeds
● LIVE Updated 26d ago · 13 sources tracked

How Honda’s Pledge to Go All-Electric Unraveled

Honda is shifting its focus toward hybrid vehicles after facing setbacks in its electric transition. The company suffered its first annual loss following a failed gamble on rapid EV expansion. Chief Executive Toshihiro Mibe now faces increased scrutiny over his leadership.

RSS Source map (12)

What changed

Honda has pivoted to prioritize hybrids over its previous all-electric pledge.

Live updates

  1. Honda Reverses Electric Vehicle Strategy Following Financial Loss

    Honda is shifting its focus toward hybrid vehicles after facing setbacks in its electric transition. The company suffered its first annual loss following a failed gamble on rapid EV expansion. Chief Executive Toshihiro Mibe now faces increased scrutiny over his leadership.

    What's confirmed:

    • Honda experienced its first-ever annual loss due to a derailed gamble on EVs.
    • The company is prioritizing hybrid vehicles over rapid electric vehicle expansion.
    • Toshihiro Mibe is the chief executive of Honda.

    Still unconfirmed:

    • Toshihiro Mibe told engineers they no longer needed to make oily, smelly engines.
    confidence 80%