Doug Ford set to speak after Honda postpones $15B Ontario EV project

[shockedcanadian]

I reported on this when the deal broke. It appears, as I was concerned when Biden pushed his IRA, that as expected they might not follow through.

Now with Trumps tariffs this is all difficult to confront.

We lost so many top notch students and driven, ambitious citizens. Police States always end the same.

https://www.cbc.ca/news/canada/toronto/doug-ford-honda-electric-vehicle-plant-1.7533410

Ontario Premier Doug Ford is set to speak with reporters on Tuesday, hours after the auto giant Honda announced it is putting a major electric vehicle supply chain planned for the province on hold.

The move is the latest blow for Ontario's auto sector. General Motors announced in it will be laying off hundreds of workers at its Oshawa, Ont. plant later this year in recent weeks.

It also raises big financial questions for Ford's government. His Progressive Conservatives are set to release this year's budget on Thursday, and it was expected to have significant funding to begin mining critical minerals that are crucial to building electric vehicles.

Ford is scheduled to speak at a news conference at 9:45 a.m. ET in Pickering alongside Finance Minister Peter Bethlenfalvy, Transportation Minister Prabmeet Sarkaria, and Minister of Energy and Mines Stephen Lecce. You can watch it live in this story.

Japan's Honda Motor said Tuesday it would put on hold a plan to build an EV supply chain in Canada after forecasting a 59 per cent profit decrease, amid the uncertainty stemming from U.S. President Donald Trump's tariffs.

"The company will continue to evaluate the timing and project progression as market conditions change," Honda Canada spokesperson Ken Chiu said in a statement Tuesday.

 

[Sunni Man]

Honda finally figured out the EV market is starting to collapse. Consumers see them as expensive money pits with pathetic resale value.
While the demand for gasoline vehicle's continues to increase.

 

[shockedcanadian]

Honda finally figured out the EV market is starting to collapse. Consumers see them as expensive money pits with pathetic resale value.
While the demand for gasoline vehicle's continues to increase.

The problem is, the Ontario and Federal government gave Honda billions. I complained about it at the time as I am against corporate welfare, breaks should be reserved for mid-small sized companies.

Every company is leaving Canada especially in Ontario. We are going to try and export more to Europe but that won't last. We have wasted the greatest opportunity for a country by being beside the consumer marketplace of the world. These muppets decided that a caste system to keep the fat and lazy well fed while destroying our best and brightest along with our innovators was "good policy".

"Making it" in Canada is a plush government job. It's an affront to capitalism. In order for them to keep up the charade they have to manufacture threats and fill a pipeline with stuff.