Honda, Canada and EV
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The Canadian Press on MSN13h
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 of its popular CR-V model intended for the U.S. market to its Ohio plant because of tariffs.
The mayor of an Ontario municipality set to be the home for Honda's now-postponed $15-billion electric vehicle project says he is not giving up hope.
Honda is the latest automaker to warn of a massive hit to its profits as a result of President Trump's auto tariffs.