Companies
Friday, 6/26, 04:42 AM
Honda's CEO Apologizes for Its First Annual Loss in Decades, and Keeps His Job
- Honda chief executive Toshihiro Mibe opened the carmaker's annual meeting with an apology for a ¥423.9 billion ($2.7 billion) net loss — its first in decades, driven by a roughly $10 billion write-down on a too-fast EV pivot — then won re-election to the board despite a revolt by retired executives.
