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Honda pauses planned EV factory in Canada

Daily Hive · 22m

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.

Reuters on MSN · 1d

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 build an EV supply chain in Canada, amid the uncertainty stemming from U.S. President Donald Trump's tariffs.

MarketWatch · 37m

Canada Confident About EV Strategy Amid Honda Setback -- 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 Canadian government pledged $22 billion in financing and tax breaks to lure those companies.

23hon MSN

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 ...

4h

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, ...

Wealth Professional9h

Honda delays $15 billion EV build as demand stalls and tariffs bite

Honda Motor has delayed its planned $15bn electric vehicle (EV) battery and assembly facility in Ontario by approximately two ...

22h

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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