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News

Honda to postpone plans for EV plant in Canada

CBC.ca on MSN · 13h
Honda to postpone plans for EV plant in Canada for at least 2 years
Honda said its plan to build an EV supply chain in Alliston, Ont. — which was first announced in April 2024 — would be paused for about two years, due to uncertainty caused by tariffs.
The Globe and Mail · 12h
Honda’s EV delay shows how Canada’s new Industry Minister has her work cut out for her
Among the major government-backed EV-making investments announced in the past few years, Honda’s stands to be both the biggest and the best value from a Canadian perspective
The Canadian Press on MSN · 11h
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 of its popular CR-V model intended for the U.S. market to its Ohio plant because of tariffs.
9h
Honda’s plans to delay electric vehicle factories ‘a blow to the community’
Honda announced the postponement on Tuesday after forecasting a 59 per cent profit decline in the current fiscal year.
14hon MSN
Honda stock drops on fears of $3 billion tariff hit
Honda is the latest automaker to warn of a massive hit to its profits as a result of President Trump's auto tariffs.

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