Honda postpones its Canada EV plans, sees full-year profit down 59% as U.S. tariffs bite

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Honda postpones its Canada EV plans, sees full-year profit down 59% as U.S. tariffs bite

theglobeandmail.com/business/international-business/article-honda-postpones-its-canada-ev-plans-sees-full-year-profit-down-59-as

Japan’s Honda Motor HMC-N forecast a 59 per cent profit decrease in the current financial year and said it would put on hold a plan to build an EV supply chain in Canada, amid the uncertainty stemming from U.S. President Donald Trump’s tariffs.
Japan’s second-biggest automaker expects…

This story appeared on theglobeandmail.com, 2025-05-13 10:50:39.