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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.
Canada's National Observer2h
Honda pumps brakes on $15 billion EV hub, Ontario premier vows to hold auto firms 'accountable'
Slowing demand for EVs and US tariffs impact on Canada’s auto sector force the Japanese automaker to postpone plans for an EV supply chain in Ontario, dealing a severe blow to Canadian EV ambitions.
Honda delays Ontario EV project plans, citing weak demand
The development won’t affect jobs at Honda’s Alliston, Ont., plant, but it comes at a turbulent for the province’s automotive industry
The Canadian Press on MSN6h
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.
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 Honda announced it is putting a major electric vehicle supply chain planned for the province on hold.
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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 plant and retooled vehicle assembly facility.
Honda’s plans to delay Ontario electric vehicle factories ‘a blow to the community’
Touted as a major addition to Ontario's manufacturing base, the project meant for Alliston, north of Toronto, hit roadblocks from a slowdown in EV sales and tariffs imposed by Donald
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