The Japanese automaker said the change of plans will cost it up to $15.7 billion.
Two of the three electric SUVs were to roll out of Honda's plant in Ohio this year with the third arriving in 2027. Now it's all scrapped.
The Japanese automaker expects to swing to its first annual loss in decades a result of the re-evaluation.
The strategy rethink will see Honda cancel the development and launch of three EV models it had planned for North America, ...
TOKYO, March 13 (Reuters) - Shares in Honda Motor fell more than 6% in Tokyo on Friday after the automaker flagged its first ...
The carmaker said it will stop the development and the planned US launch of the Honda 0 SUV, Honda 0 sedan and Acura RSX.
The automaker is pulling the plug on a trio of long-promised vehicles that were set to bring big changes to the brand.
Honda announced a major shift in its future plans today with the cancellation of its U.S.-built 0 Series Saloon and SUV and Acura RSX (Acura is Honda's premium brand) before they were set to go on ...