Honda expects FY2025/26 loss of up to $4.3 bln from review of EV strategy

Group 1 - Honda Motor has revised its earnings forecast to a loss of 420 billion yen to 690 billion yen ($2.6 billion to $4.3 billion) for the financial year ending this month due to a reassessment of its electrification strategy [1] - The company has canceled the development and market launches of certain U.S.-made electric models, citing a slowdown in the EV market in North America [1] - Honda expects to incur up to 2.5 trillion yen in expenses and losses over multiple financial years as a result of this strategic shift [1] Group 2 - Previously, Honda had forecasted a profit of 300 billion yen for FY2025/26 [1] - A press conference is scheduled to be held by Honda to discuss these changes [1]