Honda assures Canada no jobs will be lost
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Slower market demand, tariffs and evolving production strategies cited as some of the reasons why Honda is pausing its Canadian EV plans
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.
Slowing demand for EVs and US tariffs impact on Canada’s auto sector force the Japanese automaker to postpone plans for an EV supply chain in Ontario, dealing a severe blow to Canadian EV ambitions.
The development won’t affect jobs at Honda’s Alliston, Ont., plant, but it comes at a turbulent for the province’s automotive industry
Honda Motor Co., Ltd.'s FY2025 earnings show strong motorcycle sales, but auto struggles, a 12% profit dip, and FY2026 conservative guidance. Click for more on HMC.
With Canada’s electric vehicle industry stalling this week, some are worried the sector may experience a full-scale power outage in the months ahead.