CBC News
Americas · 4 hrs ago
✦ 78◉ Centre
Honda indefinitely suspends $15B EV plant in Ontario
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Credibility 78/100
Partisan intensity 25/100
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◉ Centre ✓ Fair headline
Honda has indefinitely suspended its planned $15 billion electric vehicle manufacturing plant in Ontario, Canada, amid the company's first-ever full-year financial loss and broader uncertainty in the EV market.
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.
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