Trump Pauses 50% Canada Tariffs for Three Days as U.S. Trade Deal Takes Shape 
Ferrari Luce EV Sells for Record $40 Million at Charity Auction 
Lockheed Martin Secures $153.5 Million in U.S. Defense Contracts 
US Dollar Holds Steady as Fed Rate Bets and Iran Tensions Drive Markets 
Goldman Sachs Names 9 Top Japanese Semiconductor and Electronics Stocks 
Oil Prices Rise as Iran-U.S. Tensions Threaten Strait of Hormuz Supply 
US Eyes Refinery Boost as Trump Seeks Relief From High Gas Prices 
Nvidia’s $500 Billion AI Infrastructure Push Wins Morgan Stanley Support 
Oil Prices Rise as US-Iran Tensions Renew Strait of Hormuz Supply Fears 
Alphabet’s SpaceX Investment Soars 100-Fold to $94 Billion 
Citadel Warns High Treasury Yields Pose Broader Market Risks 
Canada Faces 50% U.S. Tariffs as Trade Tensions Threaten USMCA Talks 
Nvidia Eyes $3 Billion Investment in SoftBank-Backed AI Data Center 
OpenAI Revenue Rises 18% in Q2 as Losses Widen and Anthropic Surges Ahead 
Moody’s Upgrades Vodafone Hybrid Debt Ratings to Baa3 
US Stock Futures Mixed as Fed Rate Hike Bets Fade, AI Deals in Focus 
Add as a preferred source on Google
Japan’s Honda Motor Co. will stop producing the Clarity fuel-cell car in August this year as part of a broader push to trim underperforming models, thereby exiting the hydrogen fuel cell vehicle market.
Honda's exit leaves Toyota Motor Corp. with its Mirai and South Korea’s Hyundai Motor Co. with its NEXO as the main players in the global market for hydrogen fuel cell electric vehicles (FCEV).
Honda will also discontinue other poorly selling models, including the high-end Legend saloon and the Odyssey.
The Clarity, Legend, and Odyssey were all constructed at Honda’s Sayama plant, which is set to close at the end of March 2022, they said.
Honda, which formed a partnership with General Motors Co. to develop fuel cell vehicles in 2013, is now focusing on its upcoming electric models.
Nonetheless, the carmaker has not ruled out hydrogen technology in the future.
There were 14,640 units of the Toyota Mirai sedan, launched in 2014 and is the world’s first commercialized hydrogen fuel cell car, sold until April this year.
Hyundai sold 16,152 units until April of the NEXO, which came out in 2018.
As of the first quarter's end, the Mirai accounted for 49 percent of the global FCEV market, while the NEXO took 44.6 percent.
Hyundai Motor plans to triple its FCEV production V to around 17,000 units this year due to the growing interest in the vehicle at home and abroad.
The South Korean carmaker is increasing domestic production of the Nexo from 5,500 units to 15,000 units this year and boosting exports from 900 to 2,600 units.
Market researcher SNE Research noted that global sales of hydrogen fuel cell cars declined 11.3 percent to about 9,000 units in 2020 from the previous year.
