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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.
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 ...
Canada Confident About EV Strategy Amid Honda Setback
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 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 ...
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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 ...
Honda Delays $15 Billion Electric Vehicle Project In Canada
Japanese automaker Honda Motor Co. (HMC) is postponing a $15-billion electric vehicle (EV) project in Ontario as it shifts ...
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Honda Canada's $15 Billion Electric Vehicle Plan Faces Two-Year Delay
Honda Canada has delayed a $15 billion electric vehicle investment in Ontario due to a slowdown in the EV market. This ...