Honda has assured Canada that no jobs will be lost and it is committed to major electric vehicle investments in the country, Industry Minister Melanie Joly said on Wednesday, in the wake of the Japanese carmaker announcing it would put on hold a plan to build an EV supply chain in Canada.

Honda Motor Co. is expecting a ¥450 billion ($3 billion) hit to its full-year profit as it braces for the fallout of US President Donald Trump’s auto tariffs, joining rivals reeling from the trade war.

Honda has reported its profit for the fiscal year through March slipped 24.5% from the previous year as its vehicle sales in China dropped.

Japanese auto giant Honda missed fourth-quarter earnings estimates as operating profit plunged 76%, with the company bracing for the full impact of U.S. tariffs. Honda's fourth quarter ends March 31.

Honda is the latest automaker to warn of a massive hit to its profits as a result of President Trump's auto tariffs.

Nikita Chuicko, the virtual artist better known as "kelsonik" on social media, thinks that now is the right CGI time to work on the popular Honda CUV

Two major Japanese automakers have warned that earnings will be hit hard by U.S. tariffs, underlining the risk of an industrywide downturn that could stunt Japan’s economic recovery.

If the Seventies were the doldrums of performance cars, the Eighties the penance, the Nineties a rebirth, then the first decade of the new century just might have been the pinnacle. Sure, there are faster cars today,