US Stock Movement | Honda Motor continues to fall nearly 2% pre-market, first annual loss in 69 years since listing

格隆汇 March 13｜Honda Motor (HMC.US), which closed down 5.27% yesterday, continued to fall 1.88% in pre-market trading today, quoted at $25.6. In terms of news, Honda Motor, Japan's second-largest automaker, released a shocking earnings forecast: for the fiscal year 2025 (April 2025 to March 2026), it expects its first annual loss since listing in 1957. Net loss is projected to be between 420 billions and 690 billions yen, while previous forecasts were for a profit of 300 billions yen. In addition, Honda Motor announced the cancellation of the development and market launch of three pure electric vehicle models originally planned for production in North America. Due to multiple factors such as recent changes in the business environment, the company is reassessing its electric vehicle strategy. The company expects the total related costs and losses could reach up to 2.5 trillions yen (approximately $15.73 billions), covering the current fiscal year ending March 31 and the coming years.