Honda Is Losing Everything: The $65 Billion Mistake

Two years ago, Honda had never been richer. Record profits, the best-selling CR-V in decades, a Civic that outsold the Corolla, and the most dominant season in Formula One history. Then it bet $65 billion against the engine. Three flagship electric cars scrapped months before launch. Sales in China down by almost a million cars a year as BYD and other Chinese rivals built EVs faster and cheaper. And now, more than $15 billion in losses and Honda's first annual loss since 1957. This is the story of how the world's greatest engine company tried to bury the engine and what it cost. If you enjoyed the video, like and subscribe. It really helps the channel grow. #Honda #ElectricCars #EV #BYD #CarIndustry #Business #Hybrid #Formula1 #Japan #HondaCivic