Honda Abandons 0 Series EVs in $15.8 Billion Strategy Retreat
Honda cancels three major upcoming electric vehicles and warns of a historic $15.8 billion impairment charge as US EV demand cools.
News and updates from automotive manufacturers and EV brands
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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.
Lotus reverses its pure-EV strategy by adding a turbocharged combustion engine to the Eletre SUV, targeting luxury buyers hesitant about electric vehicles.
BMW sets the reveal date for its critical EV shift. The Neue Klasse i3 promises 800V charging, a unified software stack, and Munich production starting late 2026.
Stellantis posts a historic €22.3 billion loss for 2025, suspending dividends as it pivots back to combustion power and the Hemi V8.
Lamborghini CEO Stephan Winkelmann confirms the Lanzador EV project is scrapped due to 'near zero' demand. The model will launch as a plug-in hybrid in 2029.
Scout Motors refutes German media reports alleging a production delay to 2028, reaffirming its 2027 target despite VW Group's broader cost-cutting measures.
Honda discontinues the Acura RDX to clear capacity for the Ohio-built RSX EV, while slashing 2026 Prologue sales targets by more than 50%.