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.

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.

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…

The auto industry’s massive pullback from its electric vehicle plans has claimed another victim: Honda, which posted its first annual loss since 1955.

Honda has confirmed it will “indefinitely suspend” construction of a postponed $15-billion electric vehicle plant in Ontario. Read more.

Japanese auto giant Honda said Thursday its plans to build a multi-billion-dollar electric vehicle plant in Canada have been "indefinitely suspended," marking another blow to the…

Honda is waving the white flag. The Japanese automaker previewed two new hybrids set to launch by 2028 after taking...

Son projet de complexe consacré aux véhicules électriques en Ontario est suspendu pour une durée indéterminée.

Japanese auto giant Honda said Thursday its plans to build a multi-billion-dollar electric vehicle plant in Canada have been "indefinitely suspended," marking another blow to the…

Honda Canada said it has not received any of the funds from the federal funding commitment

Over the next three years, Honda said it will invest 4.4 trillion yen ($27.8 billion) in new gasoline and hybrid vehicles and 1 trillion yen in software technologies.

La suspensión del megaproyecto de Honda refleja las crecientes dudas sobre el mercado de vehículos eléctricos y complica una apuesta industrial que prometía miles de empleos e…