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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,
Slower market demand, tariffs and evolving production strategies cited as some of the reasons why Honda is pausing its ...
Premier Doug Ford says he will hold auto-manufacturers "accountable" and ensure they continue making vehicles in Ontario ...
Honda Canada has announced a two-year pause on its Ontario investments that included retooling an assembly facility and ...
Honda announced the postponement on Tuesday after forecasting a 59 per cent profit decline in the current fiscal year.
Honda said its plan to build an EV supply chain in Alliston, Ont. — which was first announced in April 2024 — would be paused ...
Honda Motor (NYSE:HMC) announced on Tuesday a two-year postponement of its ambitious $15 billion electric vehicle investment ...
The Canadian Press on MSN2d
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 ...
Honda's decision to stall a $15 billion electric vehicle supply chain in Ontario is the latest blow to Canadian autoworkers, ...
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