Auto sector halts investment

This is a Canada news story, published by windsorstar, that relates primarily to Lana Payne news.

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EV market

windsorstar

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Technology

Canada 'has cards to play' — Automakers scramble for solutions in midst of trade war

Summary

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69% Informative

The auto sector is trying to be creative in mitigating the tariff impacts, both financially and politically.

Honda postpones by at least two years its $15 billion investment in Ontario to create an EV auto supply chain.

Honda joins a growing list of announcements of production reductions, retooling pauses, shift eliminations/alternate work week plans.

Unifor national president Lana Payne is pushing federal government to re-examine whether Detroit 3 companies are living up to their tariff-free status in Canada based on their production footprint in this country.

The Detroit 3 — Ford , Stellantis and GM — produced 30 per cent of Canadian vehicles.

Canada has not been getting its share of the pie, says Beatty .

GM is moving some product to Fort Wayne , Indiana , where workers are currently working overtime daily and GM will hire temporary workers to boost production.

“You’ll be looking at highly profitable vehicles leaving Canada or Mexico for the U.S. because they have to keep the revenues moving,” Fiorani said.

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informal

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English

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