Honda records first loss in its history, plans big hybrid pivot and scraps all-electric vehicle goal by 2040

Honda records first loss in its history, plans big hybrid pivot and scraps all-electric vehicle goal by 2040

The Japanese Honda (HMC) recorded its first loss in its almost 80-year history, after a change in strategy from electric vehicles, which cost it dearly. But a refocused plan to lean toward hybrids and optimistic forecasts for next year have investors feeling optimistic. Honda said total electric vehicle-related losses for the fiscal year ending March…

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Toyota and Honda launch Canadian auto manufacturing alliance

Toyota and Honda launch Canadian auto manufacturing alliance

Toyota and Honda have launched a new industry partnership in Canada, creating a joint platform to represent large-scale vehicle manufacturing interests and collaborate with governments on sectoral issues. The new organization, the Pacific Manufacturing Association of Canada (PMAC), brings together Honda Canada Inc., Honda of Canada Mfg., Toyota Canada Inc. and Toyota Motor Manufacturing Canada….

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