Honda cancels three US-made electric vehicle models due to losses

Honda has announced the cancellation of its Honda 0 SUV, Honda 0 sedan, and electric Acura RSX due to projected financial losses between $5.1 billion and $7 billion for the fiscal year. The decision comes as the company grapples with challenges such as the trade war’s impact on profitability and changes in U.S. emissions and fuel economy regulations. Despite its commitment to carbon neutrality, Honda’s ability to launch these new electric vehicles has been compromised.

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