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Honda indefinitely suspends Canadian EV plant plan

Honda Canada says it has indefinitely suspended its plans for a $15-billion electric vehicle complex in Ontario.The Japanese automaker said Thursday the decision does not affect the current employment or production levels at its existing manufacturing facility in Alliston, Ont.Honda said it made the decision in response to evolving business conditions, a change in external resource strategy and shifting customer demand.”Based on our revised strategic objectives, we have determined that an indefinite suspension of the value chain project is appropriate at this stage,” the company said in a statement. It added it will continue reviewing its future procurement and business strategies,…

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