News
Honda Blames EV Slowdown For Putting $15B Canadian Investment On Ice
Honda’s CA$15 billion commitment was touted by former Prime Minister Justin Trudeau as the “largest auto investment in Canada’s history.” It was to include a battery plant with an annual capacity of 36 GWh while an EV assembly plant would have been able to build as many as 240,000 vehicles per year from 2028.
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 supply chain in Canada. Originally announced in April of last year , the project is valued at $15 billion,
Honda said its plan to build an EV supply chain in Alliston, Ont. — which was first announced in April 2024 — would be paused ...
The Canadian Press on MSN15h
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 ...
The development won’t affect jobs at Honda’s Alliston, Ont., plant, but it comes at a turbulent for the province’s automotive ...
Honda announced the postponement on Tuesday after forecasting a 59 per cent profit decline in the current fiscal year.
Ontario Premier Ford is vowing to hold auto companies that pull out from Ontario "accountable" after news that ...
Among the major government-backed EV-making investments announced in the past few years, Honda’s stands to be both the ...
Honda uses the General Motors Ultium platform for its Prologue electric two-row SUV. What's the GM version of the Honda ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback