Market Chatter: Sony-Honda EV Venture Annual Loss Widens Ahead of Afeela Launch

MT Newswires Live

Jun 30

Sony Group (SONY) and Honda Motor's (HMC) joint electric car project's operating loss widened to 52 billion Japanese yen ($360.6 million) in its latest fiscal year through March from 20.5 billion yen a year earlier, Bloomberg News reported.

The Sony Honda Mobility venture is scheduled to launch the sale of the Afeela electric vehicle this year with a sticker price beginning at $89,900, according to the report.

The company did not immediately respond to MT Newswires' request for comment.

Honda shares were down 1.8% in recent premarket activity Monday, while Sony fell 1.7%.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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