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Slower market demand, tariffs and evolving production strategies cited as some of the reasons why Honda is pausing its ...
Honda said its plan to build an EV supply chain in Alliston, Ont. — which was first announced in April 2024 — would be paused ...
Honda is also postponing its $11 billion investment in Ontario EV factories due to slowing demand in North America.
Honda announced the postponement on Tuesday after forecasting a 59 per cent profit decline in the current fiscal year.
The Canadian Press on MSN2d
Honda delays $15-billion EV project citing demand, shifts some CR-V output to U.S.Honda has postponed a $15-billion electric vehicle project in Ontario, citing market demand, and is shifting some production ...
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