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Real-time News
Honda expects to incur expenses of up to 2.5 trillion yen due to a reassessment of its electric vehicle strategy, joining the ranks of global brands severely impacted by setbacks in their electric vehicle transition. The company announced on Thursday that it will cancel plans to develop and launch three electric vehicle models in the North American market. Honda projects a loss of between 270 billion and 570 billion yen for the fiscal year ending in March. Just last month, Honda warned of surging expenses related to its electric vehicle business, and its latest outlook aligns it with some of the industry giants. Stlandis stated that the company will incur more than 22 billion euros in expenses, primarily due to the shift in its electric vehicle strategy; Ford also announced losses of $19.5 billion from its business restructuring.In light of the unusual market volatility, Total Energy is taking steps to protect consumers at its French gas stations.Honda Motor Co. has cancelled the launch and development of certain electric vehicle models in the North American market.On March 12, RBC Capital Markets stated in a report that it expects the European Central Bank (ECB) to be very cautious at next weeks meeting, discussing multiple scenarios and clearly indicating that all options are open to the ECB. The institution stated, "We maintain our forecast of no rate hikes this year, but we are prepared to adjust these views if the situation in the Middle East becomes clearer and more assessable." According to data from the London Stock Exchange Group, the money market is currently pricing in a 40 basis point rate hike in 2026, with a full rate hike expected in July.On March 12th, Liu Jizhong, a National Peoples Congress (NPC) deputy and chief designer of the Tianwen-3 mission, stated during the Two Sessions that my countrys deep space exploration is progressing according to plan. Last year, Tianwen-2 was successfully launched, embarking on its "star-chasing" journey. It has already traveled approximately 700 million kilometers and will arrive at asteroid 2016HO3 this year to begin its accompanying exploration. This year, the plan is to launch Change-7, primarily to conduct in-situ scientific and resource exploration at the lunar south pole, forming a comprehensive lunar south pole orbiting, landing, roving, and flyby exploration system.
