March 12, 2026 | Diesel price spike squeezes North American suppliers; Honda cancels 3 EVs
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March 12, 2026 | Diesel price spike squeezes North American suppliers; Honda cancels 3 EVs
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The Iran conflict is causing diesel price spikes, squeezing supplier margins across North America. Honda cancels three electric vehicles planned for U.S. production, expecting up to $15.8 billion in losses. Plus, new rules from the Department of Motor Vehicles are creating friction at dealerships and threatening auto loan defaults.
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