cross-posted from : https://lemmy.zip/post/62156706
Company executives said that “Honda was unable to deliver products that offer value for money better than that of newer EV manufacturers,” making it uncompetitive. So it was recording billions in losses and packing up.
It was Mibe, who is now Honda President, who said that the company had “no chance,” reports Nikkei Asia. Mibe was touring the factory of a supplier in China where there were no humans on the production floor. He learned that Chinese factories could build fast and cheap, but also with quality.
Oh I’m so scared, I’m shaking in my boots. How are the auto executives going to feed their poor, starving shareholders? These are dark times indeed.