economy
Honda Continues to Lose, Downfall of an Automotive Giant
The famous Japanese manufacturer of cars and motorcycles 'Honda', after experiencing a large loss of nearly 16 billion dollars last year and announcing the closure of two factories in China, continues to slide downwards – the company is practically giving up on building two plants in Canada and is withdrawing from the South Korean market.
TL;DR
- Honda experienced a large loss of nearly $16 billion last year.
- The company previously announced the closure of two factories in China.
- Honda is now abandoning the construction of two plants in Canada.
- The company is withdrawing from the South Korean market.