TOKYO -- Honda Motor is working to boost profitability and find a stable growth strategy, pivoting toward hybrid vehicles for now after curtailing plans to invest 10 trillion yen ($69.2 billion) in electric vehicles.
Automobiles
Honda shifts focus to hybrids from EVs as profitability lags
Investors skeptical of automobile segment with discounts weighing on bottom line
Honda's hybrids have become profitable and could help lift margins for its automobile business. (Photo by Azusa Kawakami)
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