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Honda Posts First Loss Since 1957, Halts Canadian EV Plant

5/16/2026

27 6 Full Breakdown

Summary

Story summary

Honda posted a 423 billion-yen ($2.68 billion) loss for FY ended March 2026, its first deficit since 1957.
Honda suspended an $11 billion Canadian EV plant plan and dropped its 2030 EV sales target, moving the all-electric goal to 2040.
The firm recorded $9 billion in restructuring costs after the U.S. ended the $7,500 EV tax credit in September 2025, and motorcycle sales added $138 billion in revenue.

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Story summary

Honda posted a 423 billion-yen ($2.68 billion) loss for FY ended March 2026, its first deficit since 1957.
Honda suspended an $11 billion Canadian EV plant plan and dropped its 2030 EV sales target, moving the all-electric goal to 2040.
The firm recorded $9 billion in restructuring costs after the U.S. ended the $7,500 EV tax credit in September 2025, and motorcycle sales added $138 billion in revenue.