Honda Motor

Honda aims to save about 1.5 trillion yen (9.4 billion USD) by 2030 and has forced suppliers to make drastic price cuts to become more competitive with Chinese makers like BYD. Targets include roughly 30% cost reductions for stamped/forged parts, electrical components and software-defined vehicle elements, plus more standardized parts and increased sourcing from downstream, including Chinese, suppliers. Honda is suffering heavy losses in its e-mobility business, has shifted strategy toward gasoline-electric hybrids and reported its first annual loss as a publicly listed company in May. » More on de.investing.com

Honda is reportedly close to agreeing with Nissan to jointly develop a vehicle operating system and onboard computer for models from around 2029, though no deal is finalized. The collaboration would let Honda spread software development costs across more vehicles as it balances record quarterly profits with JPY520 billion of forecast EV-related losses and a sharp sales decline in China. Honda cautioned talks are at a potential-collaboration stage and any investor benefit depends on a signed agreement that delivers real cost savings. » More on finance.yahoo.com

According to Nikkei, Honda and Nissan are expected to agree on jointly developing an operating system and onboard computer for new vehicles starting in 2029. Honda emphasizes that no final agreement has been reached and talks with Nissan and Mitsubishi on potential cooperation areas are ongoing. Nissan CEO Ivan Espinosa confirmed his company is examining cooperation opportunities with Honda; the decision follows failed merger talks more than a year ago. » More on de.investing.com