Honda cancels Zero Series EVs, citing ‘extremely challenging’ situation
TL;DR
Honda cancels its Zero Series EVs, including SUV and Saloon models, due to an extremely challenging financial situation. The company expects its first annual loss in 50 years, impacted by tariffs and market conditions.
Tags
Farewell, Honda Zero. We never knew thee.
Honda is cancelling its Zero Series SUV and Saloon, as well as the Acura RSX EVs, citing an "extremely challenging earnings situation." The Japanese automaker, which unsuccessfully tried to merge with Nissan last year, said it expected to make a net loss of ¥360 billion (~$2.5 billion) to ¥630 billion (~$4.4 billion) in the full year ending this month - which, according to The Financial Times, would be Honda's first ever annual recorded loss since becoming a public company 50 years ago.
Honda, which is grappling with President Trump's tariffs, had been one of the most aggressive automakers in pur …