
Honda Suspends $15 Billion EV Project in Ontario
Honda has confirmed the indefinite suspension of its $15 billion electric vehicle manufacturing project in Ontario, Canada. The decision was met with disappointment by officials.
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Honda indefinitely suspends $15B EV plant in Ontario
The project, first announced in 2024, was paused last year with plans to review where the EV market was in two years. The indefinite pause comes as Honda posted its first ever full-year loss.
Read full article →Honda confirms suspension of EV plants in Ontario - The Globe and Mail
Honda confirms suspension of EV plants in Ontario The Globe and Mail
Read full article →‘Disappointing decision’: Carney reacts to Honda pulling out of $15-billion EV project in Ontario
On Thursday, it was reported the company had recorded its first ever annual loss of $2.7 billion
By Jordan Gowling
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