Honda Freezes Plans for EV Factory in Canada
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Honda Motor (HMC) is set to freeze plans to build an electric vehicle factory in Canada, Nikkei has learned, as sluggish U.S. demand pushes it to put hybrids at the center of its North American strategy, Ryo Mukano and Itsuki Miyake report. The automaker is discontinuing joint electric model with General Motors (GM) and shift to U.S. hybrids, the authors add.
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Analyst Views on HMC
About HMC
Honda Motor Co Ltd is a Japan-based company principally engaged in the motorcycle business, the automobile business, the financial service business and the life creation business. The Company operates through four business segments. The Motorcycle segment is engaged in the research and development, production and sale of motorcycles, all-terrain vehicles (ATVs), side-by-side vehicles and related parts. The Automobile segment is engaged in the research and development, production and sale of automobiles and related parts. The Financial Service segment is engaged in the sales financing and leasing of its products. The Power Products and Other Business segment is engaged in the research and development, production and sale of power products and related parts.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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