Honda will launch its long-awaited electric van in October, starting at $15,550, as it pushes forward with its decarbonization goals despite a slowdown in electric vehicle sales.

Honda will invest $65 billion on its electrification strategy this decade as it expects demand for battery-powered vehicles will rebound from short-term headwinds.

Honda Motor Co. is shelving plans to jointly develop affordable electric vehicles with General Motors Co. due to a changing business environment, CEO Toshihiro Mibe said.

Japan Airlines Co. will introduce three new cargo planes for the first time in more than a decade, seeking to diversify revenue by tapping into global and local consumer demand.