The Business Times
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Honda

Transport & Logistics

Honda CEO apologises for company’s loss, wins investor backing at annual meeting

Honda CEO Toshihiro Mibe, who became CEO in 2021, will accept a 30% pay cut for three months to take responsibility for the annual loss.
Transport & Logistics

How Honda’s old guard tried, and failed, to oust its CEO

Honda has struggled to keep up with intense competition as the global automobile industry shifts towards electrification and automation.
Transport & Logistics

Honda forecasts profit recovery after first ever annual loss

Honda is struggling with shrinking sales in key Asian markets as it faces growing competition from rivals, including South Korean and Chinese brands.
Transport & Logistics

Honda to halt South Korea car sales, highlighting strain across Asian markets

Honda will shut a plant jointly operated with Guangzhou Automobile Group in June and another one owned with Dongfeng Motor Group next year, the magazine said.
Transport & Logistics

Honda to shut two plants in China jointly owned with GAC, Dongfeng, magazine says

Honda expects to incur as much as 2.5 trillion yen in expenses and losses over multiple financial years due to strategy shift.
Transport & Logistics

Honda flags operating loss of as much as US$3.6 billion this fiscal year

Honda said its automobile business slipped into an operating loss over the nine-month period to the end of December.
Transport & Logistics

Honda reports more than 60% drop in third-quarter operating profit

Chinese luxury car brand Hongqi has launched the E-HS9, an EV that could cost around S$500,000.
Global Enterprise

China brands go upmarket as Japan mounts EV charge at Singapore Motorshow

The asset sale comes after LGES said Ford Motor terminated an EV battery supply deal worth about 9.6 trillion won (S$8.5 billion).
Transport & Logistics

LG Energy Solution unit to sell US$2.86 billion US factory assets to Honda

The chip shortage has prompted Honda to reduce its sales forecast to to 3.34 million units from 3.62 million.
Transport & Logistics

Chip shortage lingers as Honda to halt output in Japan, China

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