Honda has first annual loss in 70 years

[5thcivic]

Interesting. Personally I found the Jazz subjective drive smoother and quieter than the 3 pot CVT around town without putting your foot to the floor, or perhaps even with putting your foot to the floor. But talking particularly about the Yaris here, the larger Toyotas might have more sound proofing/bigger wheels etc.

[TnTkr]

I have no experience of 4th gen Jazz, and therefore I cannot compare to it. Unfortunately Jazz (or Fit) has not been available in car rental companies in those countries I have been travelling. I've driven Toyota Yaris, Corolla and Corolla Cross CVT as a rental car. Sound of the engine is noticeable, but as mentioned I was speaking about transmission behaviour and matching. Not about other features of the car, which sound level is.

[Karoq]

There have been mumblings on the 'rumour vine' for some time about Honda possibly pulling out of the UK.
Mitsubishi did and very quickly realised the error of their ways and are now coming back.
With this news article below........
Is this a good time to buy a Honda??
I am considering it, so would welcome any comments.
It appears the EVs are the problem and calling in on Horizon Honda Yeovil the other day, I was amazed at the number of nearly new EV models for sale on the forecourt.
Judging by the bad reviews in the motoring press of the e:Ny1 it appears that it may be part of the problem.
Honda recorded its first annual operating loss as a publicly listed company, posting a massive ¥423 billion ($2.7 billion) net deficit. This historic 70-year bleak milestone was primarily driven by over $10 billion in restructuring charges and writedowns after the collapse of its aggressive electric vehicle (EV) strategy.Here are the key takeaways from the automaker's recent financial results:The Cause: Honda absorbed massive EV-related writedowns after demand plummeted. This was exacerbated by changing U.S. policies, such as the elimination of EV tax credits and the imposition of automotive tariffs.Scrapped EV Plans: The company officially halted multiple U.S. EV projects (including scaling back its 0 Series models), froze an $11 billion battery and EV manufacturing project in Canada, and canceled its joint EV venture with Sony.Future Strategy: Honda is officially shifting its focus back to traditional internal combustion engine (ICE) vehicles and expanding its hybrid lineup, with plans to introduce 15 new hybrid models by 2030.The Silver Lining: The company's historically strong motorcycle division (producing over 22 million units) and its robust finance branch helped pare down deeper losses. Honda projects a return to profitability in the coming fiscal year.For more details on the financial overhaul and strategic shifts, you can read the full coverage provided by BBC News or explore the global business analysis via Reuters./color]

[CB72]

Looking bad for Honda then, if they are going to give up on the future! I think an electric Jazz might sell well but looks like it's not going to happen,  they are just gonna stick with the hybrid. Maybe just an upgrade of the Mk4 Jazz, not a Mk5.

[zdan]

I think it's just a matter of time until they leave. If they can't sell EVs to the yearly targets set by the zev mandate, they will be losing money.

The fine was something like 10-15k per vehicle.

zev mandate: https://www.gov.uk/government/news/pathway-for-zero-emission-vehicle-transition-by-2035-becomes-law

On the bright side, the DFT didn't impose any sanctions yet.