Honda's $11 Billion Electric-Vehicle Plan Includes Government Aid From Canada [Financial Post (Toronto, Ontario, Canada)]
Honda Motor Company, Ltd. (HMC)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Honda Motor Co. will spend C$15 billion ($11 billion) to build electric vehicles north of Toronto, with lawmakers in Canada promising significant financial aid, according to a person with knowledge of the matter. The investment will be announced Thursday morning in Alliston, Ontario, by Honda officials and government leaders including Prime Minister Justin Trudeau and Ontario Premier Doug Ford. Bloomberg News first reported on April 21 that Honda and the Canadian government were near a deal. Article content Article content For Honda, it's part of a long-term bet on consumer demand for electric vehicles in North America. The Japanese company makes hybrid cars in the US and has said it plans to start manufacturing its first US-made fully electric vehicles in Marysville, Ohio next year. For Trudeau and Ford, the announcement is a major milestone
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HMC
Sec Filings
- 4/25/24 - Form 6-K
- 4/9/24 - Form 6-K
- 4/2/24 - Form 6-K
- HMC's page on the SEC website