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Honda insists F1 project safe despite historic company losses
May 19 Honda insists its Formula 1 program remains secure despite the carmaker announcing historic financial losses and a major strategic retreat from electric vehicles. The Japanese giant confirmed sweeping changes to its future direction after reporting massive EV-related losses for the fiscal year ending March 2026. The company admitted global EV demand has weakened sharply 'due to the rollback of environmental regulations in the US and other factors,' Honda said. The result was enormous EV-related losses totalling some $10 billion, contributing to an operating loss of $2.6bn. It marked the first annual loss in Honda's more than 70-year history as a publicly listed company. Honda is...
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