How the EV era is challenging leading engine maker Honda [CNBC]
General Motors Company (GM)
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Source: CNBC
The company is a supplier of engines to successful Formula 1 teams, maker of some of the most popular cars in the U.S. and around the world, and creator of legendary sports cars: the Type R range of high performance Acura and Honda cars, and models such as the S2000 roadster and NSX supercar. But it is struggling in some key regions, especially China, and it's challenged by the era of electric vehicles. Honda has been relatively slow to release models, and it has depended heavily on partners to keep up. It's a curious reversal for a company that was once regarded as one of the most innovative companies in the automotive world, full of surprises and with a startling range. Some of its engine innovations were seen as wild, daring and influential. It made cheap cars, such as the Civic, of course. But it also made supercars, such as the NSX, which seemed like provocations to the ruling manufacturers in that rarefied category — mostly European names such as Ferrari, Lamborghini, Por
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- 11/12/24 - Form 4
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