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Joly says Honda still committed to EV investments after $15-billion project delayed
Honda announced on Tuesday that it has postponed a $15-billion electric-vehicle project, 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 halted investment marks by far the biggest project delay yet in Canada as the outlook for EV growth softens.
Honda to Postpone EV Investments in Ontario by Two Years, Move Some CR-Vs
Honda said on Tuesday it would postpone by at least two years its large-scale investments to establish an electric vehicle supply chain in Canada. Originally announced in April of last year , the project is valued at $15 billion,
Slower market demand, tariffs and evolving production strategies cited as some of the reasons why Honda is pausing its ...
Ontario Premier Ford is vowing to hold auto companies that pull out from Ontario "accountable" after news that ...
Honda's forecast is the latest signal of the difficulty car makers are having navigating tariffs alongside the rise of ...
Chinese carmakers are stepping up their design game, even if they can’t completely escape some derivative influences ...
Honda said its plan to build an EV supply chain in Alliston, Ont. — which was first announced in April 2024 — would be paused ...
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 has assured Canada that no jobs will be lost and it is committed to major electric vehicle investments in the country, ...
The development won’t affect jobs at Honda’s Alliston, Ont., plant, but it comes at a turbulent for the province’s automotive ...
Honda Malaysia has launched its first all-electric vehicle in the country, with the e:N1 making its official debut earlier ...
Honda announced the postponement on Tuesday after forecasting a 59 per cent profit decline in the current fiscal year.
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