Honda seeks $9.4 billion savings plan by 2030 amid China EV shift
Honda Motor Co. is seeking aid from suppliers to find more than $9 billion in savings as Chinese carmakers change global vehicle economics. Honda plans to cut costs by 1.5 trillion yen by 2030.
Honda Motor Co. (HMC, Financials) is seeking aid from suppliers to find more than $9 billion in savings as Chinese carmakers alter the economics of the global vehicle market.Honda is planning to cut costs by 1.5 trillion yen ($9.4 billion) by 2030, according to internal documents and a person famil…