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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 ...
Honda faces 59% profit drop, pauses EV supply chain expansion in Canada
Honda's forecast is the latest signal of the difficulty car makers are having navigating tariffs alongside the rise of ...
Honda pumps brakes on $15 billion Ontario EV hub as premier vows to hold automakers ‘accountable’
Japanese auto giant Honda has pumped the brakes on its $15 billion plan to build an electric vehicle supply chain in Canada, ...
Ford vows to hold Honda 'accountable' after it postpones $15B Ontario EV project
Ontario Premier Ford is vowing to hold auto companies that pull out from Ontario "accountable" after news that ...
Honda puts two-year pause on $15-billion EV plant in Ontario
Honda Canada has announced a two-year pause on its Ontario investments that included retooling an assembly facility and ...
Honda Says U.S. Tariffs Will Erase $4 Billion From Profits
During the announcement of its 2024-2025 fiscal year financial results on May 13, Honda CEO Toshihiro Mibe stated that in the ...
Honda 'promised' to continue EV expansion in Ontario, Ford says
Premier Doug Ford says he will hold auto-manufacturers "accountable" and ensure they continue making vehicles in Ontario ...
Honda Postpones $11 Billion Canada EV Project for Two Years on Weak Sales -- Update
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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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 ...