Honda's Electric Vehicle (EV) Push Takes a Hit: $3 Billion Write-Downs Expected. Honda Motor Co. is bracing for a significant financial blow, with the Japanese automaker anticipating an additional $3 billion in EV-related write-downs this year. The move comes as the company struggles to meet its ambitious electric vehicle production targets, despite investing heavily in the sector. Honda's EV push has been hindered by supply chain disruptions and rising costs, forcing the company to reassess its financial projections. The write-downs are a stark reminder of the challenges facing the automotive industry as it transitions to electric vehicles.
Daily 5 for Aug. 5: Honda expects $3 billion more in EV-related write-downs this year Automotive News
