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Honda is also postponing its $11 billion investment in Ontario EV factories due to slowing demand in North America.
Japanese auto giant Honda has pumped the brakes on its $15 billion plan to build an electric vehicle supply chain in Canada, ...
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 ...
Honda’s CA$15 billion commitment was touted by former Prime Minister Justin Trudeau as the “largest auto investment in Canada ...
Slowing demand for EVs and US tariffs impact on Canada’s auto sector force the Japanese automaker to postpone plans for an EV ...
The development won’t affect jobs at Honda’s Alliston, Ont., plant, but it comes at a turbulent for the province’s automotive ...
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Honda Canada has announced a two-year pause on its Ontario investments that included retooling an assembly facility and ...
Japanese multinational Asahi Kasei Corporation and Honda Canada formed a joint venture to make battery separators in Niagara.
Honda's forecast is the latest signal of the difficulty car makers are having navigating tariffs alongside the rise of Chinese EV producers.
TORONTO - Honda Canada is postponing a $15-billion electric vehicle investment project in Ontario, including a proposed EV ...
During the announcement of its 2024-2025 fiscal year financial results on May 13, Honda CEO Toshihiro Mibe stated that in the ...
Forecasting a steep 59 per cent profit drop for the year, Honda is postponing its $15 billion plan to build an EV supply line in Canada for at least two years due to concerns about U.S. auto tariffs.
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