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Honda to Cut EV Spending and Sales Targets, Focus on Next-Gen Hybrids
One week after announcing it would postpone by at least two years its large-scale investments to establish an electric vehicle supply chain in Ontario, Honda now says it plans to cut R&D investment in electrification and software by 30 percent through the end of the decade.
Honda Motor Co., Ltd on Tuesday released new details explaining why it is delaying its planned $15 billion investment in a ...
Honda has assured Canada that no jobs will be lost and it is committed to major electric vehicle investments in the country, ...
Japanese multinational Asahi Kasei Corporation and Honda Canada formed a joint venture to make battery separators in Niagara.
Slower market demand, tariffs and evolving production strategies cited as some of the reasons why Honda is pausing its ...
Honda is postponing its $10.7 billion expansion in Ontario to make EVs and EV components for two years. The brand cites ...
Slowing demand for EVs and US tariffs impact on Canada’s auto sector force the Japanese automaker to postpone plans for an EV ...
Honda's forecast is the latest signal of the difficulty car makers are having navigating tariffs alongside the rise of ...
5don MSN
In the case of Honda, one question is whether producing for export markets outside the U.S. will lead to higher production at its Canadian operations, where Honda currently produces the Civic and the ...
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