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Honda assures Canada no jobs will be lost

Reuters on MSN · 2d

Honda assures Canada no jobs will be lost after EV plan postponement, minister says

Honda has assured Canada that no jobs will be lost and it is committed to major electric vehicle investments in the country, Industry Minister Melanie Joly said on Wednesday, in the wake of the Japanese carmaker announcing it would put on hold a plan to build an EV supply chain in Canada.

CBC.ca on MSN · 3d

Honda to postpone plans for EV plant in Canada for at least 2 years

Honda said its plan to build an EV supply chain in Alliston, Ont. — which was first announced in April 2024 — would be paused for about two years, due to uncertainty caused by tariffs.

MarketWatch · 2d

Canada Confident About EV Strategy Amid Honda Setback -- 2nd 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.

2don MSN

Honda postpones $15B of electric vehicle investments in Ontario

Honda Canada is postponing a $15-billion electric vehicle investment project in Ontario, including a proposed EV battery ...

2don MSN

Battery plant in Port Colborne, Ont., to see 'minimal' impact from Honda investment withdrawal: partner

Japanese multinational Asahi Kasei Corporation and Honda Canada formed a joint venture to make battery separators in Niagara.

Electric Autonomy Canada1d

Honda hits pause on $15-billion EV value chain build out in Ontario

Slower market demand, tariffs and evolving production strategies cited as some of the reasons why Honda is pausing its ...

2don MSN

Honda Blames EV Slowdown For Icing $15 Billion Canadian Investment

Honda’s CA$15 billion commitment was touted by former Prime Minister Justin Trudeau as the “largest auto investment in Canada ...

2d

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, ...

3don MSN

Honda delays a large electric vehicle investment in Canada

Honda Motor (NYSE:HMC) announced on Tuesday a two-year postponement of its ambitious $15 billion electric vehicle investment ...

Honda Canada pauses plan to build electric vehicles in Alliston, a result of lower demand amid Trump tariffs

Plans to build electric vehicles (EV) and strengthen the supply chain at the Honda of Canada Manufacturing plant in Alliston ...

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