This article first appeared on GuruFocus. Honda Motor Co. (NYSE:HMC) is confronting a sharp financial setback after an aggressive electric-vehicle push backfired, forcing the automaker to record a 2.5 trillion ($15.7 billion) impairment charge tied largely to EV investments that were abandoned shortly before launch. The write-down could precede what may become Honda’s first annual loss on record and highlights the risks of its late attempt to catch up with EV leaders such as Tesla (NASDAQ:TSLA) and China’s BYD (BYDDF).
