(RTTNews) - Honda Motor Co., Ltd. announced Tuesday that it is realigning automobile business strategy, with a cut in planned electric vehicle or EV sales ratio, and investment for automobile ...

May 20 (UPI) --The Honda Motor Company announced Tuesday it will cut back on its previous investment plan for electric vehicle technology in response to its disappointment in the growth of the EV ...

The cut comes after Honda said earlier this month that it would pause its $10.7 billion plan to transform its factory in Ontario, Canada, into an EV-building hub that would support the one in Ohio.

The cut comes after Honda said earlier this month that it would pause its $10.7 billion plan to transform its factory in Ontario, Canada, into an EV-building hub that would support the one in Ohio ...

Honda Motor plans to reduce its electric-vehicle investment by more than $20 billion through the fiscal year ending March 2031 from its original plan. The Japanese automaker said Tuesday that it ...

Honda Motor 7267 1.30 % increase; green up pointing triangle plans to reduce its investment in electric vehicles by more than $20 billion in the coming years as EV demand growth slows.

As a result, Honda plans to reduce its EV-related investment from $69 billion to $48 billion, while placing a heavier focus on hybrid models, which it collectively calls HEVs.

TOKYO (Kyodo) -- Honda Motor Co. said Tuesday it will cut its investment plan for electric vehicle technology through fiscal 2030 to around 7 trillion yen ($48 billion) from the previous 10 ...

Honda scaled back investment plans and lowered sales targets for electric vehicles, as consumer demand remains lackluster and environmental regulations are weakened in major markets abroad. The ...