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Honda reveals delay of $15-billion Canada investment part of shift in EV strategy
Honda Motor Co., Ltd on Tuesday released new details explaining why it is delaying its planned $15 billion investment in a ...
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Honda to Cut EV Spending and Sales Targets, Focus on Next-Gen Hybrids
One week after announcing it would postpone by at least two years its large-scale investments to establish an electric vehicle supply chain in Ontario, Honda now says it plans to cut R&D investment in ...
Honda Pauses Canadian EV Expansion Due To Tariffs
Honda is postponing its $10.7 billion expansion in Ontario to make EVs and EV components for two years. The brand cites ...
Honda Canada postpones multibillion EV investment project in Ontario
Honda Canada will postpone a $15-billion Canadian (US$10.7 billion) electric vehicle investment project in Canada's most populous province, including a proposed EV battery plant and retooled vehicle ...
Honda slashes £15bn from electric car budget to focus on hybrids
Honda bosses blamed disappointing demand and moves by foreign governments to roll back green regulations designed to ...
Honda assures Canada no jobs will be lost after EV plan postponement, minister says
Honda has assured Canada that no jobs will be lost and it is committed to major electric vehicle investments in the country, ...
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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 ...
Honda faces 59% profit drop, pauses EV supply chain expansion in Canada
Honda's forecast is the latest signal of the difficulty car makers are having navigating tariffs alongside the rise of ...
Honda delays $15 billion electric vehicle project, moves some production to U.S.
It was only a year ago that then Prime Minister Justin Trudeau and Ontario Premier Doug Ford arrived at the Honda plant in Alliston for the announcement of a $15 ...