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News

Honda to postpone plans for EV plant in Canada

The Canadian Press on MSN · 1d
Honda delays $15-billion EV project citing demand, shifts some CR-V output to U.S.
Honda has postponed a $15-billion electric vehicle project in Ontario, citing market demand, and is shifting some production of its popular CR-V model intended for the U.S. market to its Ohio plant because of tariffs.
The Globe and Mail · 1d
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 biggest and the best value from a Canadian perspective
CBC.ca on MSN · 1d
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 for about two years, due to uncertainty caused by tariffs.
1d
Honda’s plans to delay electric vehicle factories ‘a blow to the community’
Honda announced the postponement on Tuesday after forecasting a 59 per cent profit decline in the current fiscal year.
7hon MSN
Honda Blames EV Slowdown For Icing $15 Billion Canadian Investment
Honda’s CA$15 billion commitment was touted by former Prime Minister Justin Trudeau as the “largest auto investment in Canada ...

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