Facing heavy losses, Honda cancels its three US-made electric vehicles
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The Bottom Line
Honda canceled three US-made electric vehicles due to projected losses and trade war tariffs.
How This Affects You
This cancellation could impact US manufacturing jobs at Honda's Ohio plants and limit future EV options for consumers.
AI Summary
Honda has canceled production of its three US-made electric vehicles: the Honda 0 SUV, Honda 0 sedan, and electric Acura RSX. This decision comes as the company faces projected losses between $5.1 billion and $7 billion for the financial year. The cancellation affects manufacturing capabilities at its Anna Engine Plant and Marysville Auto Plant in Ohio, which had undergone transformations to produce these EVs. Honda cited the ongoing trade war tariffs and the US government's decision to cease enforcing emissions and fuel economy standards as reasons for the cancellation.
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