Honda CEO Apologizes for Loss, Wins Backing; Nissan Tie-Up Near

At Honda's annual shareholders meeting, CEO Mibe apologized for the company's net loss and secured investor backing for his reappointment. Mibe also said a tie-up with Nissan is 'close to announcement.' Meanwhile, Stellantis and Nissan are in talks to buy assets from troubled supplier Marelli, and Honda has started AI data center battery production in the US after an EV pivot.