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Dramatic photo of cancelled Afeela 1 sedan and Afeela 2 SUV in an empty showroom with 'CANCELLED' sign and refund forms, symbolizing Sony Honda Mobility's EV project discontinuation.
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Sony Honda Mobility cancels Afeela 1 sedan and Afeela 2 SUV amid Honda's EV strategy shift

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Sony Honda Mobility, the joint venture between Sony and Honda, has discontinued its two electric vehicle models: the Afeela 1 sedan and Afeela 2 SUV. The decision follows Honda's reassessment of its electrification strategy on March 12, 2026, and comes amid slowing U.S. EV demand. The company will issue full refunds to U.S. customers who placed reservations.

Spain's National Commission on Markets and Competition (CNMC) approved on Tuesday a proposal setting remuneration methodology for natural gas distribution networks for 2027-2032, keeping base levels steady with a 2% improvement. It rejects industry calls for 2020 cut compensation and adds incentives for biomethane injection and digitalization. The plan enters public consultation today.

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Bertelsmann CEO Thomas Rabe announced in a Handelsblatt interview that India will play a much larger role for the company, targeting one billion euros in revenue. He emphasized pushing internationalization in his final months as CEO.

AQR Capital Management's US stock portfolio increased to approximately $191 billion in the fourth quarter of 2025, as shown in its latest 13F filing. Nvidia continued as the largest holding after an 18% stake increase, with significant builds in Apple, Microsoft, Alphabet and Amazon.

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The general assembly of Housing and Development Bank (HDB) has renewed Hassan Ghanem’s mandate as chief executive officer and managing director for 2026-2029. The decision comes after notable improvements in the bank’s financial and operational performance.

HDFC Bank has engaged three law firms, including domestic and international ones, to investigate former chairman Atanu Chakraborty's sudden departure. The review will examine board meeting records and whistleblower complaints. The move seeks an objective assessment amid concerns over governance.

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Sunglass Hut will open a new store at Cotswolds Designer Outlet in Tewkesbury as part of the centre's first-phase development. The international eyewear retailer plans to offer brands such as Ray-Ban, Gucci, Prada and Oakley. The outlet already boasts high occupancy with a range of fashion and sportswear brands.

 

 

 

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