Surprisingly, many foreign markets are way ahead of the U.S. in year-to-date performance.
The Japanese automaker is aiming to improve its hybrid EV offerings to shore up its car business's profitability.
Honda Motor said on Wednesday profit rose for the first time in six quarters as a boost from a weaker yen helped offset declining global sales and higher material costs linked to the Iran war, and raised its full-year forecast.
Honda said new version of its Ridgeline pickup truck is coming after the end of production of the current model later this year. The future of the midsize pickup truck had been in flux, and the automaker said there will be a temporary production stoppage for the truck
Toyota, Honda and Hyundai Motor Group control 86% of the U.S. hybrid car market, according to Baum & Associates. Sales of the segment have surged, while pure electric vehicles and internal combustion cars have lost market share.
Honda's July monthly statement included a pitch to "consider a hybrid." Several Prologue EV owners and lessees told BI the pitch felt frustrating.
Sales of the Prologue, an electric SUV, will end this year amid a pivot to hybrids.