Honda Motor (NYSE:HMC) announced on Tuesday a two-year postponement of its ambitious $15 billion electric vehicle investment project in Ontario. The Japanese automaker pointed to a slowdown in global ...

Such a move would be a major blow to Ontario, which has a large Honda plant in Alliston that was in line to see a massive expansion. The U.S. was Honda's biggest market last year, accounting for ...

Honda supplements U.S. production of the CR-V crossover SUV, as well as sedan and hatchback versions of the compact Civic with units built at its Alliston, Ontario plant in Canada. In Mexico alone ...

Honda on Tuesday said it has no plans to move car production from Canada and Mexico to the US, following a report that the Japan auto giant was considering shifting some operations to avoid ...

Honda Canada spokesman Ken Chiu said Tuesday due to the recent slowdown in the EV market, Honda has announced an approximate two-year postponement of the Ontario investment.

Honda employees work along the vehicle assembly line before an event announcing plans for a Honda electric vehicle battery plant in Alliston, Ont., on Thursday, April 25, 2024. THE CANADIAN PRESS ...

Honda global CEO Toshihiro Mibe is quick to ... which will be assembled at a new dedicated plant in Alliston, Ontario, starting in 2028. The Canadian operation will have an adjacent battery ...

Honda Motor Co. Ltd. says it is altering its manufacturing strategy so that its Alliston, Ont., plant will now produce its popular CR-V compact crossover for export to countries beyond the United ...

Japanese automaker Honda is warning that U.S. auto tariffs are expected to carve a “huge” hole in its operating profit within its current fiscal year, as it manages uncertainty stemming from ...

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