Honda Motor has significantly lowered its full-year profit forecast by 21% due to substantial one-time electric vehicle expenses, declining sales in China and other Asian markets, and a critical shortage of Nexperia chips. The Japanese automaker also reduced its 2030 EV sales target and anticipates selling fewer vehicles in Asia this fiscal year amidst intense competition from Chinese manufacturers.
from Auto-Industry-Economic Times https://ift.tt/3Vb4fik
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