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Honda's 1.2 Million-Car China Peak Is Now A 720,000-Car Retreat
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Honda's 1.2 Million-Car China Peak Is Now A 720,000-Car Retreat
Honda and GAC will reportedly close one of the plants they operate together. The report comes as Honda continues restructuring after betting big on EVs. Honda’s Dongfeng joint venture may also see a plant closure due to low ICE sales. Hot off the back of Honda’s $15.7 billion restructuring costs and a broader EV strategy overhaul announced last month, things aren’t looking good for Honda’s Chinese venture either. At least one of its automobile m…
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