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Tesla’s dominance in California—the largest electric vehicle market in the U.S.—is waning. The $1 trillion company led by Elon Musk posted a seventh consecutive quarter of declines in new vehicle registrations even as major competitors like Toyota and Honda saw robust growth, according to data in the California New Car Dealers Association Q2 Auto Outlook. … Read more
Billionaire college dropout Lucy Guo is reportedly the youngest self-made woman on the planet—knocking Taylor Swift off the top spot. But even with a $1.3 billion reported net worth, the 30-year-old cofounder of Scale AI tells Fortune she still pinches the pennies and shops at Shein. Despite founding and retaining a $1.3 billion stake in … Read more
Honda Motor Co. scaled back investment plans and lowered sales targets for electric vehicles, as consumer demand remains lackluster and environmental regulations are weakened in major markets abroad. The Japanese automaker will now only invest ¥7 trillion ($48.3 billion) in EVs and software in the long term, chief executive officer Toshihiro Mibe said Tuesday, a … Read more
Honda is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC Japanese auto giant Honda missed fourth-quarter earnings estimates as operating profit plunged 76%, with the company bracing for the full impact of U.S. tariffs. Here are Honda’s results compared with mean estimates from LSEG: Revenue: 5.36 trillion … Read more
Nissan Motor Co.’s incoming Chief Executive Officer Ivan Espinosa is open to pursing a partnership with Honda Motor Co. even after talks for a historic tie-up between the Japanese firms abruptly fell apart last month. The auto industry’s push into intelligent cars “is going to require a lot of work and a lot of investment … Read more
Honda and its luxury brand, Acura, are set to join the growing list of automakers providing EV owners access to Tesla’s Supercharger network in North America. Starting in June, owners of the Honda Prologue and Acura ZDX electric vehicles will be able to charge at Tesla’s stations. Those EVs are built with CCS charging ports … Read more
Sales of the model were up 21% last year. Read More
Nissan directors are gauging interest in candidates to succeed Makoto Uchida, the 22-year company veteran who’s been CEO since late 2019, sources said. Read More
CEO Makoto Uchida could very well fall on his sword: “If everybody says we no longer need Uchida-san,” the head of Nissan told reporters, “please fire me.” Read More
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Honda is willing to resume takeover talks to create the world’s fourth-biggest car producer if Nissan’s chief executive Makoto Uchida steps down, according to people with knowledge of the deliberations. The 58-year-old had been one … Read more
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