Honda Cancels All Three EVs That It Planned To Build In the US (caranddriver.com) 72
sinij shares a report from Car and Driver: Honda is making a monumental shift in its business plans. The automaker is canceling the development and launch of the 0 Series SUV, the 0 Series saloon, and the Acura RSX, and as a result, expects to take a significant financial hit in 2026 [of up to $15.8 billion]. The automaker was blunt in its announcement of the changing plans, citing American tariff policies and the unpredictable nature surrounding American EV incentives and fossil fuel regulations. In its release marking the announcement, Honda made it clear that it expected to incur further financial losses over the long term if it went through with launching the cars.
Honda also called out changing customer values in China, with buyers focusing more on software features and less on things like fuel efficiency and cabin space. In its release regarding the changing product plans, Honda was shockingly blunt about its situation, saying that it was simply unable to deliver products that offer a better value than that of newer Chinese manufacturers.
Honda also called out changing customer values in China, with buyers focusing more on software features and less on things like fuel efficiency and cabin space. In its release regarding the changing product plans, Honda was shockingly blunt about its situation, saying that it was simply unable to deliver products that offer a better value than that of newer Chinese manufacturers.