Sony and Honda Cancel Afeela EV Project Amid Historic $15.7 Billion Write-Down
Sony and Honda have officially canceled the Afeela electric vehicle project as Honda scales back electrification and projects a $15.7 billion annual write-down.
News and updates from automotive manufacturers and EV brands
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Sony and Honda have officially canceled the Afeela electric vehicle project as Honda scales back electrification and projects a $15.7 billion annual write-down.
Mercedes puts its new MB.OS software and a mild-hybrid V8 into the 2026 Maybach S-Class, adding synthetic leather options to its flagship luxury sedan.
Chevrolet previews the 2027 Corvette Grand Sport and hybrid Grand Sport X, blending a new 6.7-liter V8 with electric power to solve a major branding problem.
Lexus introduces the eighth-generation 2026 ES sedan, launching the fully electric 350e and 500e models ahead of the traditional hybrid variants.
Mitsubishi upgrades the 2026 Outlander PHEV with a 22.7-kWh battery, boosting electric range and power while raising the base price to $44,990.
Kia officially drops the Niro EV for the 2026 model year. The crossover will continue exclusively as a hybrid as the brand pivots to dedicated EV platforms.
Honda cancels three major upcoming electric vehicles and warns of a historic $15.8 billion impairment charge as US EV demand cools.
Following a 22.2 billion euro EV impairment, Stellantis is raising capital and utilizing BluE Nexus and Bosch technology to launch new hybrid Jeep models.
The 2026 Toyota RAV4 PHEV launches in Japan with silicon carbide components, 150 kilometers of electric range, and external home generator capabilities.
Renault's latest strategy update targets everyday buyer concerns with ultra-fast charging EVs, massive hybrid range, and AI-driven cost cuts on the factory floor.
Mercedes-Benz reverses plans to retire the entry-level A-Class, confirming an extended lifecycle and a next-generation model on the flexible MMA platform.
Hyundai and Kia are dropping slow-selling imported electric vehicles in the US while rushing to build highly profitable hybrid models at their new Georgia plant.