TOKYO — Honda will create a new division in a bid to strengthen and speed up its electrification business as part of an overhaul of its organizational structure.
The shake-up is part of the automaker’s bid to catch up in the fast-growing market for full-electric vehicles, led by Tesla and China’s BYD.
Japanese automakers have been at risk of falling behind their European and U.S. rivals in the EV market.
In changes effective April 1, the new division would consolidate Honda’s…
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