Honda Financial Services expected to carry weight as parent absorbs historic EV losses

Honda Financial

Honda is heading into its first annual loss in nearly 70 years as a listed company, absorbing up to $15.7 billion in restructuring costs tied to its EV business after canceling 3 models that had been planned for North American production. CNBC The cause is blunt. In July 2025, the U.S. Senate passed legislation that … Read more

Toyota Financial Services gets a new CEO with a digital-first resume

Toyota Financial

Toyota Financial Services named Alec Hagey president and CEO on April 6, 2026, following the announcement that Scott Cooke will retire on June 30 after more than two decades with the company. Toyota USA Hagey’s appointment matters for one specific reason: he’s the guy who ran digital. As SVP and chief operating officer, Hagey oversaw … Read more