Citing massive losses and a cooling market, the Japanese auto giant is backing away from an all-electric future in a huge blow to the EV industry and a sign that the road to clean cars just got a lot bumpier.
Citing massive losses and a cooling market, the Japanese auto giant is backing away from an all-electric future in a huge blow to the EV industry and a sign that the road to clean cars just got a lot bumpier.
Which is also untrue, they’re a middling player in the auto space who have been second string in the rankings for years
https://en.wikipedia.org/wiki/List_of_automotive_manufacturers_by_production
2020 was their best ranking where they got to 5th, in the years previously, they’re in 7th or 8th pretty much every year in the last 2 decades, and they’re 9th in 2024.
A lot of the small players are going to get squeezed out by the Chinese; and Honda, Suzuki and Mazda are very likely to need a merger with a bigger player to survive as brands