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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.
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.
Ontario Premier Ford is vowing to hold auto companies that pull out from Ontario "accountable" after news that ...
Japanese auto giant Honda has pumped the brakes on its $15 billion plan to build an electric vehicle supply chain in Canada, ...
Honda Canada has announced a two-year pause on its Ontario investments that included retooling an assembly facility and ...
Premier Doug Ford says he will hold auto-manufacturers "accountable" and ensure they continue making vehicles in Ontario ...
Honda’s CA$15 billion commitment was touted by former Prime Minister Justin Trudeau as the “largest auto investment in Canada ...
Honda announced the postponement on Tuesday after forecasting a 59 per cent profit decline in the current fiscal year.
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