Honda’s 70-year-loss won’t derail its Formula 1 push, but signals strategic shifts
TL;DR
Honda posted a 423 billion yen ($2.68bn) annual loss—the worst since its 1957 listing—driven by EV investments, but the company says the figures won’t affect Honda Racing Corporation or its F1 program. Honda is pausing an $11bn Canada EV/battery venture and softening earlier EV-share targets while F1 engine talks consider a future with a more prominent internal-combustion element, including a potential V8 powered by sustainable fuels by around 2031.
- Honda reports first annual loss in 70 years, what does it mean for its F1 project? Motorsport.com
- Honda posts first-ever annual loss in nearly 70 years as electric vehicle bet backfires Fox Business
- Acura Previews Hybrid SUV Prototype During Global Honda Business Briefing Acura Newsroom
- Honda shares rise over 7% as investors shrug off first operating loss in nearly 70 years CNBC
- Honda dumps combustion-free goal, teases new hybrids after loss Automotive News
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