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News

Honda, EV and Canadian Investment

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Joly says Honda still committed to EV investments after $15-billion project delayed
Industry Minister Mélanie Joly says Honda Canada remains "fully committed" to major electric-vehicle investments in Canada after the company announced Tuesday that it was pausing a multibillion-dollar EV project in Ontario.

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The Canadian Press on MSN · 3h
 · 12h · on MSN
Honda Blames EV Slowdown For Icing $15 Billion Canadian Investment
 · 1d
Honda’s EV delay shows how Canada’s new Industry Minister has her work cut out for her
1d
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.
1don MSN
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 ...
5h
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 ...

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