A year after the $15-billion electric vehicle project in Ontario was announced, Honda Canada is pushing the project back. The company said Tuesday it would put the plan to build an EV supply ...

Honda Motor Co. Chief Executive Toshihiro Mibe called the decisions “a switch in the planned course,” while stressing the ...

Honda reveals plans for an incremental reduction in EV investment over the next few years, favoring a heavier mix of hybrid models. The automaker cites "a slowdown in the expansion of the EV ...

brooks/Agence France-Presse/Getty Images Honda Motor plans to reduce its investment ... Last week, Honda said it would postpone by about two years an $11 billion EV manufacturing project in ...

The proposed investment reduction is based on its decision to postpone the project to establish a comprehensive EV value chain in ... towards 2030, Honda plans to improve profitability with ...

May 14 (Reuters) - Honda (7267.T), opens new tab has assured ... in the wake of the Japanese carmaker announcing it would put on hold a plan to build an EV supply chain in Canada.

A big part of this plan is next-generation ADAS (advanced driver-assist systems), which the company is developing in-house.

Honda aims to sell 2.2 million hybrids a year by the end of the decade and is reducing EV investment amid slowing consumer demand.

"The North Star is towards electrification," Champagne told reporters Wednesday when asked about concerns over Honda's decision this week to postpone ... plans to invest roughly $33 billion in EV ...

Its CEO cited regulatory changes and slowing EV growth as key reasons for a strategic shift. The abandoned merger with Nissan adds pressure on Honda to safeguard its future. Honda is dialing back ...