Honda Postpones $11 Billion Canada EV Project on Weak Sales
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The Canadian Press on MSN1d
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.
Premier Doug Ford says he will hold auto-manufacturers "accountable" and ensure they continue making vehicles in Ontario after Honda postponed a major EV project in the province.
Japanese automaker Honda Motor Co. (HMC) is postponing a $15-billion electric vehicle (EV) project in Ontario as it shifts more production to the U.S. due to American import tariffs. In announcing the Canadian manufacturing pause,
The Canadian Press on MSN14h
Hope remains that Honda’s Ontario EV plant will be built, despite delayHonda said it is delaying its scale-up in the community of Alliston, which includes a battery plant and retooled vehicle assembly line, for about two years as it monitors market conditions.