Honda Canada

13 May

Honda Canada Delays $15 Billion EV Investment in Ontario by Two Years Amid Market Slowdown

Rajeev Sharma0 CommentsCanadaEV investment delay, Honda Canada, Ontario EV project

Toronto, May 13, 2025 — In a significant setback to Canada’s electric vehicle manufacturing ambitions, Honda Canada has announced a two-year postponement of its $15-billion EV investment project in Ontario, citing a slowdown in the global EV market.The project originally unveiled in April 2024 was to include a retooled vehicle assembly plant in Alliston, a new EV battery plant, and two battery component facilities across Ontario. It was projected to create 1,000 new jobs and retain 4,200 existing positions, with an output capacity of 240,000 vehicles annually by 2028.“This delay does not affect current employment at the Alliston plant,” said…

15 Apr

Carney Flags Investor Concerns Amid Trump Tariff Rumours, Honda Denies Shift from Canada

Rajeev Sharma0 CommentsCanadaHonda Canada, Mark Carney, trade war, U.S. tariffs

Saint-Eustache (Quebec), April 15, 2025: Liberal Leader Mark Carney on Tuesday expressed concern over the chilling effect of U.S. tariffs on investor confidence in Quebec and across Canada. Speaking in both English and French at a campaign event, Carney referred to an unconfirmed report suggesting Honda may relocate some production to the U.S. as a warning sign of the tariffs' potential consequences.However, Industry Minister Anita Anand dismissed the report, calling it “unfounded.” She said she had spoken directly with Honda representatives, who clarified that no such move from Canada or Mexico is under consideration. Honda has not issued an official…