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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 building an EV plant.
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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Another Japanese automaker is now ‘re-evaluating’ EV plans
Subaru is the latest Japanese automaker to announce it will “re-evaluate” its EV plans. The company is rethinking its
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 current fiscal year, which began on April 1 and will end on March 31 next year, Honda expects the impact of the Trump Administration’s tariff policy to hammer 650 billion yen (~$4.34 billion) off its operating profits.
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, blaming "changing market conditions” for a decision that
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.
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