Honda Cancels Three EVs, Posts First Annual Loss, upwards of $16 billion in losses, including about $7 billion for the current fiscal year, which will represent the company's first-ever loss in its history.

Stellantis posted a substantial $26 billion loss for 2025 and intends to scale back its EV ambitions. Similarly, Nissan is far from a healthy company, with its CEO going so far as to not rule out selling the entire company. Following in their footsteps is Honda, which just announced an end to its American EV program and a pivot to hybrids, in addition to a major financial loss.

https://fordauthority.com/2026/03/ford-rival-honda-cancels-three-evs-posts-first-annual-loss