Market Outlook: Honda and Toyota dominate Canada vehicle production [BNN Bloomberg (Canada)]
Toyota Motor Corporation (TM)
US:NYSE Investor Relations:
toyota-global.com/investors
Company Research
Source: BNN Bloomberg
Japanese automakers now account for the bulk of vehicle production in Ontario as Detroit Three output declines. BNN Bloomberg spoke with David Adams, President of the Global Automakers of Canada, at the Canadian International AutoShow about tariffs, production trends, EV strategy and what's at stake in upcoming trade talks. Key Takeaways Toyota and Honda produced 77 per cent of cars and light trucks built in Canada last year, reflecting a sharp decline in Detroit Three output. U.S. tariffs on non-U.S. content in Canadian-built vehicles add costs for manufacturers exporting to the United States, even with partial offsets under the trade deal. Automakers argue North America's integrated supply chain makes the U.S. industry more competitive globally than a fully repatriated production model. The federal government is shifting from a zero-emission vehicle sales mandate toward stricter greenhouse gas emission targets, giving manufacturers more flexibility in compliance. Ottaw
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