Honda takes a $15.7 billion hit as EV retreat continues to batter legacy automakers

Honda is writing down $15.7 billion on its EV division. Artur Widak/NurPhoto via Getty Images Honda said it booked a charge of up to $15.7 billion as it retreats from some EV plans. The Japanese automaker joins other global legacy automakers announcing billion-dollar EV charges. The Honda 0 Saloon, Honda 0 SUV, and Acura RSX EV are all canceled. It leaves Honda with one EV. Honda is taking a massive financial hit as it pulls back on its electric-vehicle ambitions. On Thursday, the Japanese ...