Collapse of Honda's EV focus leaves it with dearth of new models
Honda Motor is facing significant challenges due to its decision to abandon its full electrification strategy, resulting in substantial losses and a shortage of new models for the crucial North American market. This situation has led to speculation about potential dividend cuts. The article highlights the cancellation of joint EV ventures, including the Afeela 1 project with Sony Group, as a key factor contributing to Honda's current predicament.
https://asia.nikkei.com/business/automobiles/collapse-of-honda-s-ev-focus-leaves-it-with-dearth-of-new-models