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Honda to Postpone EV Investments in Ontario by Two Years, Move Some CR-Vs
Honda said on Tuesday it would postpone by at least two years its large-scale investments to establish an electric vehicle supply chain in Canada. Originally announced in April of last year , the project is valued at $15 billion,
Slower market demand, tariffs and evolving production strategies cited as some of the reasons why Honda is pausing its ...
Premier Doug Ford says he will hold auto-manufacturers "accountable" and ensure they continue making vehicles in Ontario ...
Honda Canada has announced a two-year pause on its Ontario investments that included retooling an assembly facility and ...
Slowing demand for EVs and US tariffs impact on Canada’s auto sector force the Japanese automaker to postpone plans for an EV ...
Honda said its plan to build an EV supply chain in Alliston, Ont. — which was first announced in April 2024 — would be paused ...
Honda announced the postponement on Tuesday after forecasting a 59 per cent profit decline in the current fiscal year.
The Canadian Press on MSN2d
Honda delays $15-billion EV project citing demand, shifts some CR-V output to U.S.Honda has postponed a $15-billion electric vehicle project in Ontario, citing market demand, and is shifting some production ...
Honda's decision to stall a $15 billion electric vehicle supply chain in Ontario is the latest blow to Canadian autoworkers, ...
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