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Two more EVs for the trash heap: Volvo EX30 and Honda Prologue

Two more EVs for the trash heap: Volvo EX30 and Honda Prologue

The steady stream of news about automakers cancelling or discontinuing electric vehicles continues apace. This week it’s Volvo’s small, quirky EX30 and Honda’s solo electric offering in the US, the Prologue. Both are the latest victims of stagnating EV sales in the US thanks to the Trump administration’s decision to eliminate tax incentives.

First, the EX30. The small SUV was the most affordable EV in Volvo’s lineup, even if it took some time before it arrived on our shores. Volvo spokesperson Sophia Durr says that the automaker’s US division has decided to discontinue the EX30 and EX30 Cross Country after the 2026 model year. It will, however, remain on the market globally, including in Mexico and Canada.

“Volvo Cars’ commitment to electrification and our customers remains unchanged,” Durr said in a statement, “and we look forward to continuing to bring exciting new electrified options to our customers in the US, including the all-new EX60 and upgraded EX90.”

One of the lingering problems for the EX30 was that it wasn’t as affordable as originally billed. When it was first announced in 2023, Volvo said the price would start at $34,950, positioning it as the smaller, less expensive EV that many people were clamoring for.

Things are also looking pretty grim for the Honda Prologue. A few days after Honda said it was cancelling its Zero Series EVs, Automotive News published a report that said the Prologue SUV would be next on the chopping block. The automaker will reportedly not order a second generation of the EV, effectively pulling the plug on the nameplate just two years after its debut.

The decision appears to mainly come from General Motors, which builds the Prologue for Honda under a shared platform agreement at its Ramos Arizpe plant in Mexico. GM is slated to end production of Honda’s crossover as it shifts away from EVs and toward internal combustion vehicles and hybrids.

Still, Honda is pushing back on the report, with spokesperson Chris Naughton telling me that the story is “based purely on speculation” and that the Prologue “remains in our lineup.” Still, Honda recently said it was taking a write down on its EV investment of as much as $3.5 billion after finding itself in an “extremely challenging earnings situation.” Naughton did not respond to follow-up questions about GM’s production decisions.

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Letterboxd has surged in popularity in recent years. Once a niche site for only the most fervent of film nerds, the site — which allows users to rate, review, and recommend movies to one another — has continued to add accounts by the tens of millions, thanks largely to interest from millennials and Gen Z. Now, the company’s controlling investor has apparently made it known that they are looking to cash out.

Semafor reported Sunday that Canadian holding company Tiny, which owns some 60% of Letterboxd, has been courting various potential buyers, including Versant, the parent company of CNBC and MS NOW (formerly MSNBC). Another potential buyer is The Ankler, a popular Hollywood newsletter, according to Semafor. Tiny bought the platform in 2023, valuing it at over $50 million. It’s unclear whether the company has neared any sort of deal.

Representatives for Letterboxd and Tiny did not immediately provide comment when reached by TechCrunch.

Founded in 2011, Letterboxd saw a jump in users in the past few years, climbing to about 26 million users this year, up from 1.7 million in 2020, according to The New York Times. In recent years, the site has seen interest from movie studios, which see it both as a vehicle for marketing films and a source of information about moviegoer trends, as well as from the Oscars, which teamed up with the social platform in a digital content partnership several years ago.

#Letterboxd #social #platform #film #buffs #reportedly #owner #TechCrunchHollywood,In Brief,Letterboxd,media,movies">Letterboxd, the social platform for film buffs, reportedly looking for new owner | TechCrunch
Letterboxd has surged in popularity in recent years. Once a niche site for only the most fervent of film nerds, the site — which allows users to rate, review, and recommend movies to one another — has continued to add accounts by the tens of millions, thanks largely to interest from millennials and Gen Z. Now, the company’s controlling investor has apparently made it known that they are looking to cash out.

Semafor reported Sunday that Canadian holding company Tiny, which owns some 60% of Letterboxd, has been courting various potential buyers, including Versant, the parent company of CNBC and MS NOW (formerly MSNBC). Another potential buyer is The Ankler, a popular Hollywood newsletter, according to Semafor. Tiny bought the platform in 2023, valuing it at over  million. It’s unclear whether the company has neared any sort of deal.







Representatives for Letterboxd and Tiny did not immediately provide comment when reached by TechCrunch.

Founded in 2011, Letterboxd saw a jump in users in the past few years, climbing to about 26 million users this year, up from 1.7 million in 2020, according to The New York Times. In recent years, the site has seen interest from movie studios, which see it both as a vehicle for marketing films and a source of information about moviegoer trends, as well as from the Oscars, which teamed up with the social platform in a digital content partnership several years ago.
#Letterboxd #social #platform #film #buffs #reportedly #owner #TechCrunchHollywood,In Brief,Letterboxd,media,movies

niche site for only the most fervent of film nerds, the site — which allows users to rate, review, and recommend movies to one another — has continued to add accounts by the tens of millions, thanks largely to interest from millennials and Gen Z. Now, the company’s controlling investor has apparently made it known that they are looking to cash out.

Semafor reported Sunday that Canadian holding company Tiny, which owns some 60% of Letterboxd, has been courting various potential buyers, including Versant, the parent company of CNBC and MS NOW (formerly MSNBC). Another potential buyer is The Ankler, a popular Hollywood newsletter, according to Semafor. Tiny bought the platform in 2023, valuing it at over $50 million. It’s unclear whether the company has neared any sort of deal.

Representatives for Letterboxd and Tiny did not immediately provide comment when reached by TechCrunch.

Founded in 2011, Letterboxd saw a jump in users in the past few years, climbing to about 26 million users this year, up from 1.7 million in 2020, according to The New York Times. In recent years, the site has seen interest from movie studios, which see it both as a vehicle for marketing films and a source of information about moviegoer trends, as well as from the Oscars, which teamed up with the social platform in a digital content partnership several years ago.

#Letterboxd #social #platform #film #buffs #reportedly #owner #TechCrunchHollywood,In Brief,Letterboxd,media,movies">Letterboxd, the social platform for film buffs, reportedly looking for new owner | TechCrunch

Letterboxd has surged in popularity in recent years. Once a niche site for only the most fervent of film nerds, the site — which allows users to rate, review, and recommend movies to one another — has continued to add accounts by the tens of millions, thanks largely to interest from millennials and Gen Z. Now, the company’s controlling investor has apparently made it known that they are looking to cash out.

Semafor reported Sunday that Canadian holding company Tiny, which owns some 60% of Letterboxd, has been courting various potential buyers, including Versant, the parent company of CNBC and MS NOW (formerly MSNBC). Another potential buyer is The Ankler, a popular Hollywood newsletter, according to Semafor. Tiny bought the platform in 2023, valuing it at over $50 million. It’s unclear whether the company has neared any sort of deal.

Representatives for Letterboxd and Tiny did not immediately provide comment when reached by TechCrunch.

Founded in 2011, Letterboxd saw a jump in users in the past few years, climbing to about 26 million users this year, up from 1.7 million in 2020, according to The New York Times. In recent years, the site has seen interest from movie studios, which see it both as a vehicle for marketing films and a source of information about moviegoer trends, as well as from the Oscars, which teamed up with the social platform in a digital content partnership several years ago.

#Letterboxd #social #platform #film #buffs #reportedly #owner #TechCrunchHollywood,In Brief,Letterboxd,media,movies

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