Japanese automakers are grappling with a seismic financial challenge as U.S. President Donald Trump’s 25% tariffs on imported ...

Japanese auto giant Honda has pumped the brakes on its $15 billion plan to build an electric vehicle supply chain in Canada, ...

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

Honda is also postponing its $11 billion investment in Ontario EV factories due to slowing demand in North America.

Honda said it is delaying its scale-up in the community of Alliston, which includes a battery plant and retooled vehicle ...

Honda's reputation for quality drives demand for its vehicles. Its products and strong financial position should keep it on solid ground, and the company's longtime niche in fuel efficiency ...

Expensive Cars: "Prices and interest rates are both high and stuck," said Mark Schirmer, director of industry insights for ...

Slowing demand for EVs and US tariffs impact on Canada’s auto sector force the Japanese automaker to postpone plans for an EV ...

Honda's forecast is the latest signal of the difficulty car makers are having navigating tariffs alongside the rise of Chinese EV producers.

Honda announced the postponement on Tuesday after forecasting a 59 per cent profit decline in the current fiscal year.

Honda is postponing plans to build an EV supply chain in Alliston, Ont., for about two years. The news comes as U.S. President Donald Trump’s tariffs create uncertainty across the industry and as ...