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  • Electric Vehicles Lead Major Car Maker to Report First Loss in Decades

    06/02/2026 5:35:01 AM PDT · by Red Badger · 66 replies
    The Gateway Pundit ^ | June 1, 2026 | Michael Austin, The Western Journal
    Honda Motors reported its first annual loss in nearly 70 years, which came as a result of an emphasis on electric cars. The Japan-based car company has been listed on the stock market since 1957, but the combination of electric vehicle bets and Trump trade policies led to its first-ever year in the red. "EV demand has declined considerably, due to the rollback of environmental regulations in the U.S. and other factors," Honda said in a statement, per a report from Fox Business. The company faces $9 billion in restructuring costs because of the lackluster electric vehicle demand. It suffered...