Honda takes a $15.7 billion hit as EV retreat continues to batter legacy automakers

Impact · against what's priced in

Honda faces a severe blow to its balance sheet with a $15.7 billion write-down and its first annual loss in 70 years, representing new material downside. For Ford, the news is largely noise as the market has already digested a similar $10.7 billion EV impairment as a sunk one-time reset.

F−0.05

Already priced in

The price assumes

$10.7bn EV impairment as a sunk one-time reset

The article notes Ford reported a $19.5 billion hit in December; the price already treats the comparable $10.7 billion impairment as a sunk one-time reset.