Sony and Honda give up on their joint EV project

Sony Honda Mobility, the joint venture established by the two Japanese conglomerates, has decided to give up on the two “Afeela”-branded EVs that it has spent the last few years developing.The decision comes after Honda announced earlier this month that it was doing a major about-face and canceling three electric vehicles planned for the U.S. market — a decision that could cost the Japanese automaker nearly $16 billion. Honda blamed President Trump’s tariffs and rising competition from China as reasons for ...