Honda's $11 Billion Electric-Vehicle Plan Includes Government Aid From Canada [BNN Bloomberg (Canada)]
Stellantis N.V. Common Shares (STLA)
Company Research
Source: BNN Bloomberg
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. 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 in their quest to secure a share of the North American auto business for Canada as the industry retools toward EVs. The two politicians have already pledged tens of billions of dollars to convince other manufacturers, including Volkswagen AG, to build huge EV battery plants in the country. Read More: Electric Cars Pass Mass Adoption Tipping Point in 31 Countries Thursday's anno
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STLA
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- 5/1/24 - Form 6-K
- 4/30/24 - Form 6-K
- 4/26/24 - Form 6-K
- STLA's page on the SEC website