EVsCarScoops5 days ago
Honda CEO Refuses Resignation After EV Losses
3 min read
Former Honda executives tried to oust CEO Toshihiro Mibe after the company booked $15.7 billion in EV-related expenses and scrapped three North American EV models. Mibe refused to resign when asked by 90-year-old former CEO Nobuhiko Kawamoto. Mibe is taking a 30 percent pay cut after Honda posted its first annual loss in 70 years.
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