ARTICLE AD BOX

By Theodore Opara
During a February visit to a busy electric‑vehicle plant in China, Honda chief executive Toshihiro Mibe expressed deep concern about the company’s position in the rapidly changing automotive landscape.
Like other major automakers, Honda had to accelerate its shift to electric vehicles in mid‑2025 after the United States abruptly ended a long‑standing electric‑vehicle tax credit. The policy change cost American manufacturers Ford and General Motors multi‑billion‑dollar losses, while Honda’s losses exceeded $15.7 billion.
In late 2025, Mibe acknowledged that U.S. policy shifts may have delayed the transition from internal‑combustion engines to electric vehicles. He also stated that the brand felt a moral obligation to reduce rising temperatures by phasing out fossil fuels.
Honda reported its first annual loss in early March, shortly after Mibe’s visit to the Chinese EV manufacturing facility. According to SlashGear, the plant’s speed and efficiency impressed him.
“We have no chance against this,” Mibe said, as reported by a March 31 Nikkei Asia article. “From parts procurement to logistics management, everything at the facility was automated, and there were no humans on the production floor.”
Vanguard News
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2 months ago
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