Honda indefinitely suspends $15B EV plant in…


Honda has indefinitely suspended its plans for a $15-billion electric vehicle complex in Ontario due to changing business conditions.

The Japanese automaker said last May it was pausing development at the plant, with plans to review where the EV market was at in two years.

The decision to more definitively suspend the plant was first reported last week by Japanese media, but at the time Honda did not confirm the news.



Source link

  • Related Posts

    Gagetown veteran in a years-long appeal for…

    Storm Brock joined the Canadian Armed Forces shortly after high school, enrolling as a combat engineer and later serving as a vehicle technician.  It was a dream job that took…

    G7 Foreign Ministers’ Statement on Iranian missile transfer to Russia

    “We, the G7 Foreign Ministers of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States of America and the High Representative of the EU, condemn in the…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Building collapse in Philippines leaves 3 dead, 17 missing | News

    Building collapse in Philippines leaves 3 dead, 17 missing | News

    Scientists supercharge natural killer cells to fight aggressive cancers

    Scientists supercharge natural killer cells to fight aggressive cancers

    Gagetown veteran in a years-long appeal for…

    Qantas Long-Haul A350 Jets Delayed Again Due to Supply Snags

    Late Easton Cowan goal sends Toronto Marlies to AHL final four

    Late Easton Cowan goal sends Toronto Marlies to AHL final four

    NASCAR Coca-Cola 600 race under weather delay with 34 laps to go

    NASCAR Coca-Cola 600 race under weather delay with 34 laps to go