Honda has reversed its earlier commitment to phasing out combustion-engine vehicles by 2040, citing financial pressures following an operating loss. The automaker will instead focus on developing 15 new hybrid models over the next decade, with a strong emphasis on the North American market. The shift reflects a strategic pivot as the company seeks to stabilize its financial position while adapting to evolving consumer demands. Leadership has signaled a renewed effort to restore profitability amid changing industry priorities.
Honda has abandoned its 2040 combustion-free vehicle target after posting an operating loss. The company plans 15 new hybrids through 2030, mainly for North America. CEO Mibe aims to return Honda to ...
