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Honda Blames EV Slowdown For Putting $15B Canadian Investment On Ice

Honda’s CA$15 billion commitment was touted by former Prime Minister Justin Trudeau as the “largest auto investment in Canada’s history.” It was to include a battery plant with an annual capacity of 36 GWh while an EV assembly plant would have been able to build as many as 240,000 vehicles per year from 2028.

· 5h · on MSN

the deep dive · 6h

Honda Delays $15B Ontario EV Project, Cites Weak Demand

The Canadian Press on MSN · 13h

Hope remains that Honda’s Ontario EV plant will be built, despite delay

1don MSN

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 ...

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Honda delays $15 billion EV build as demand stalls and tariffs bite

Honda Motor has delayed its planned $15bn electric vehicle (EV) battery and assembly facility in Ontario by approximately two ...

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 ...

Honda Delays $15 Billion Electric Vehicle Project In Canada

Japanese automaker Honda Motor Co. (HMC) is postponing a $15-billion electric vehicle (EV) project in Ontario as it shifts ...

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Canada Confident About EV Strategy Amid Honda Setback -- Update

Research from Canada's parliamentary budget watchdog indicates that manufacturers, between 2020 and 2024, unveiled plans to invest roughly $33 billion in EV and related supply-chain production. The ...

1don 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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