CTV: Honda Global CEO Toshihiro Mibe held a press briefing in Tokyo on Thursday, saying the company will focus on rebuilding its automobile business structure over the next three years and reallocate more resources to hybrid models that “are currently high in demand.”
The announcement comes as the automaker posted a US$2.7 billion loss on Thursday — its first-ever full-year loss — in large part due to the heavy costs of its EV strategy as U.S. President Donald Trump’s policies shift away from EVs. The Trump administration has eliminated tax credits and rolled back emissions standards…