March 12, 2026 | Diesel price spike squeezes North American suppliers; Honda cancels 3 EVs

Automotive News

12 March 2026

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.