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Honda sees full-year profit down 59% as US tariffs bite, postpones Canada EV plans
Japan's Honda Motor forecast a 59% profit decrease in the current financial year and said it would put on hold a plan to ...
Canada Confident About EV Strategy Amid Honda Setback -- 2nd Update
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 puts two-year pause on $15-billion EV plant in Ontario
Honda Canada has announced a two-year pause on its Ontario investments that included retooling an assembly facility and ...
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 ...
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 Says U.S. Tariffs Will Erase $4 Billion From Profits
During the announcement of its 2024-2025 fiscal year financial results on May 13, Honda CEO Toshihiro Mibe stated that in the ...
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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 ...
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, ...