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
Subscribe to:
Post Comments (Atom)
-
Mahindra, in collaboration with Warner Bros. Discovery, has launched the limited-run BE 6 Batman Edition electric SUV, inspired by Christoph...
-
At present, the carmaker has tied up with 20 partners across vehicle needs, mobility services and lifestyle companies to offer exclusive ben...
-
PUBG Mobile developer has expressed concern and surprise over the recent ban and arrest of 10 college students in Rajkot, Gujarat, for playi...
No comments:
Post a Comment