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Honda Motor has delayed its planned $15bn electric vehicle (EV) battery and assembly facility in Ontario by approximately two ...
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.
Among the major government-backed EV-making investments announced in the past few years, Honda’s stands to be both the ...
Honda is the latest automaker to warn of a massive hit to its profits as a result of President Trump's auto tariffs.
Honda said it is delaying its scale-up in the community of Alliston, which includes a battery plant and retooled vehicle ...
Ontario Premier Doug Ford says he will make sure auto companies, including Honda, follow through on their commitments to ...
Honda Canada has delayed a $15 billion electric vehicle investment in Ontario due to a slowdown in the EV market. This ...
Japan's Honda Motor Co. announced its earnings outlook for fiscal year 2025, projecting a sharp 70.1-percent decline in net profit to 250 billion yen ...
Postponing the Canadian EV project is part of the automaker's effort to contain the damage from hefty U.S. tariffs on foreign-made vehicles. Honda said it expects its net profit to drop 70% to 250 ...
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