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Honda Targets 1.5 Trillion Yen in Cost Cuts by 2030

Just Auto +2 ·

HMC Honda Motor ADR
$34.15 -1.24%
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  1. 1Honda (HMC) asks suppliers for price cuts in push to save 1.5 trillion yen ($9.39 billion) by 2030
  2. 2Sets 30% cost-reduction targets across three groups: press and forged parts, electrical components, and SDV-related parts
  3. 3Move responds to EV makers like China's BYD expanding in Southeast Asia, Latin America, and Europe; some question whether targets are too aggressive

Source Just Auto +2 · View original ↗

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