honda

Sony and Honda's joint venture Sony Honda Mobility (SHM) is set to make a major announcement on January 4

Major South Korean battery maker LG and Japanese automaker Honda are investing $4.4 billion in a joint venture in the United States to produce batteries.

Honda’s profit dropped 32% in the last quarter as rising material costs and a shortage of computer chips hurt the Japanese automaker.

Honda returned to profitability in April-June, recording a 222.5 billion yen ($2 billion) profit, as better sales and costs cuts added to the Japanese automaker’s bottom line.

Although General Motors will build Honda’s first two fully electric vehicles for North America, the Japanese automaker plans to change course