On the Dash: Honda targets 1.5 trillion yen ($9.4 billion) in savings by 2030, Reuters reports. Suppliers were told to cut costs 30% in pressed, electrical and SDV parts. Shares fell 2.5% and affiliated suppliers also traded lower on the news Honda is planning to cut more than $9 billion in costs by 2030 and has told its suppliers to slash their prices, according to internal documents reviewed by Reuters. The target is 1.5 trillion yen, or about $9.4 billion, over the next four years. The push demonstrates the effort of Japanese automakers to respond to China. Meanwhile, BYD and other Chinese EV brands are gaining market share in Southeast…
