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Honda Postpones $11 Billion Canada EV Project on Weak Sales -- 2nd 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 billion yen ($1.68 billion) for the year ending March 2026.
Honda Canada is postponing a $15-billion electric vehicle investment project in Ontario, including a proposed EV battery ...
The Canadian Press on MSN1h
Ontario mayor remains hopeful Honda's EV plant will be built, despite delayThe mayor of an Ontario municipality set to be the home for Honda's now-postponed $15-billion electric-vehicle project said ...
Ontario Premier Ford is vowing to hold auto companies that pull out from Ontario "accountable" after news that ...
Slowing demand for EVs and US tariffs on Canada’s auto sector force the Japanese automaker to postpone plans for an EV supply ...
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 on Tuesday it would postpone by at least two years its large-scale investments to establish an electric vehicle ...
Honda has stalled its $15-billion plan to build four new electric vehicle factories in Ontario for two years but will ...
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