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Honda Halts Canada EV Plans, Forecasts Profit Drop Due to Tariffs

Published 1 day ago1 minute read
Honda Halts Canada EV Plans, Forecasts Profit Drop Due to Tariffs

Honda is postponing its $15 billion plan to build an EV supply line in Canada for at least two years due to concerns about U.S. auto tariffs, forecasting a steep 59 per cent profit drop for the year. The plan was expected to create 1,000 jobs.

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