Honda seeks 2030 supplier cost cuts to match EV affordability
Honda is pressing suppliers for drastic cost reductions to close the affordability gap with Chinese electric-vehicle makers, targeting more than 1.5 trillion yen ($9.4 billion) in savings by 2030.
Honda Motor NYSE:HMC is pushing suppliers for drastic cost reductions as it tries to close the affordability gap with Chinese electric-vehicle makers, targeting more than 1.5 trillion yen ($9.4 billion) in savings by 2030.
The plan could materially improve margins if successful, but the scale of th…