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Honda indefinitely suspends $15B EV plant in Ontario | CBC News
Honda has indefinitely suspended its plans for a $15-billion electric vehicle complex in Ontario, as it pivots away from EVs and toward hybrids. The move comes as the automaker posted its first full-year loss ever to the tune of $3.68 billion, in large part due to lower EV demand.
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apnews.com
Honda records its first-ever annual loss on a costly EV strategy
Honda says it racked up a full-year loss for the first time ever, losing $2.7 billion in the last fiscal year due to a costly electric-vehicle strategy.
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cbc.ca
Honda indefinitely suspends $15B EV plant in Ontario | CBC News
Honda has indefinitely suspended its plans for a $15-billion electric vehicle complex in Ontario, as it pivots away from EVs and toward hybrids. The move comes as the automaker…
