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…