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Honda Motor is shifting focus from electric vehicles to hybrids, cutting EV investments by 30% due to slowing global demands.
On Tuesday, the Japanese carmaker said it will focus on hybrid cars, and will launch 13 models between 2027 and 2031 as ...
Honda announced the postponement on Tuesday after forecasting a 59 per cent profit decline in the current fiscal year.
U.S. and Japanese negotiators are still working on trade talks in Washington. But for Japanese automakers, that's not the ...
Honda Motor has said it would cut investment in the production of electric vehicles due to slow demand, and would focus on ...
Honda says electric vehicle sales were slowing in the U.S., prompting the Japanese automaker to scrap its previous goal of ...
It was only a year ago that then Prime Minister Justin Trudeau and Ontario Premier Doug Ford arrived at the Honda plant in Alliston for the announcement of a $15 ...
The automaker will also expand procurement of U.S.-made vehicle parts, including batteries for hybrid vehicles.
Honda is backing away from its aggressive electric vehicle (EV) ambitions, citing a cooling U.S. market and growing global ...
At the company’s annual business briefing in Tokyo on May 20, Honda CEO Toshihiro Mibe revealed plans to erase nearly 30% of ...
Electric vehicles continued to outpace the overall US auto market in March as buyers scooped up savings before higher ...
0:35 Joly to speak with Honda after it postponed $15B EV investments in Ontario Between the battery plant and its parts facilities, along with the electric vehicle facility retooling, the Honda ...