News

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 Says U.S. Tariffs Will Erase $4 Billion From Profits
Japanese automaker Honda is warning that U.S. auto tariffs are expected to carve a "huge" hole in its operating profit within ...
Honda pumps brakes on $15 billion Ontario EV hub as premier vows to hold automakers ‘accountable’
Japanese auto giant Honda has pumped the brakes on its $15 billion plan to build an electric vehicle supply chain in Canada, ...
Ford vows to hold Honda 'accountable' after it postpones $15B Ontario EV project
Ontario Premier Ford is vowing to hold auto companies that pull out from Ontario "accountable" after news that ...
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 ...
The Car Guide1d
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 ...
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 ...
Honda postpones $15B of electric vehicle investments in Ontario
Honda Canada is postponing a $15-billion electric vehicle investment project in Ontario, including a proposed EV battery ...