Honda has presented its worst financial report since the Japanese manufacturer was listed on the stock exchange in 1957. Honda Motor had already forecast a loss in March based on its financial predictions, and that picture was confirmed last Thursday with the official figures.
Over the financial year, which ended in March, Honda suffered a loss of 423billion yen ($2.68bn). These numbers are worse than during the pandemic years, when Honda decided to fully commit to electrification and officially withdrew from Formula 1 at the end of 2021.
