Honda reports profit drop from EV costs while unveiling new electric scooter

Honda reported a more than 60% drop in its quarterly operating profit as its car business suffered losses due to high costs from restructuring its electric vehicle operations. At the same time, the company is introducing a new electric scooter that it says will be cheaper than comparable gasoline models, targeting users of small-displacement motorcycles. Separately, Honda is also testing AI self-driving technology as part of its broader mobility strategy.