Honda cancels Zero Series EVs, citing ‘extremely challenging’ situation

Farewell, Honda Zero. We never knew thee.

Honda is cancelling its Zero Series SUV and Saloon, as well as the Acura RSX EVs, citing an "extremely challenging earnings situation." The Japanese automaker, which unsuccessfully tried to merge with Nissan last year, said it expected to make a net loss of ¥360 billion (~$2.5 billion) to ¥630 billion (~$4.4 billion) in the full year ending this month - which, according to The Financial Times, would be Honda's first ever annual recorded loss since becoming a public company 50 years ago.