TOKYO (March 13): Shares in Honda Motor ​fell more than 6% in Tokyo on ‌Friday after the automaker flagged its first annual loss in almost 70 years as a ​listed company, hit by up to $15.7 ​billion in restructuring costs tied to its ⁠electric-vehicle business. Honda stock was down 6.7% at ​1,352 yen as of 0040 GMT, making ​it the biggest decliner on the benchmark Nikkei 225. Japan's second-largest automaker said on Thursday it expects a ‌hit ⁠of as much as 2.5 trillion yen ($15.7 billion) as it cancels three EV models planned for production in the U.S. It ​is likely ​to book ⁠as much as 1.3 trillion yen of those costs this ​fiscal year and 1.2 trillion yen ​the ⁠next. Honda is also writing down the value of its China business, where it has ⁠struggled ​to compete with rivals ​such as BYD offering more advanced, software-driven vehicles.

Source: The Edge Markets March 13, 2026 01:14 UTC