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Story summary
- Honda Motor Co. announced ¥2.5 trillion in charges tied to a shift in its electric-vehicle (EV) strategy amid U.S. policy changes.
- Honda will cancel development of several North America EV models, contributing to a net loss of up to ¥690 billion.
- Chief Executive Toshihiro Mibe says competition in China and EV subsidies in North America constrain growth.
- Honda will refocus on hybrids and expand in India, with a May strategy.
