UPDATE: Honda not considering moving auto production out of Canada says Ford, feds (I’m not believing this)
Honda is considering shifting some Canadian automotive production to the U.S. in response to new tariffs, according to a report by Japan’s Nikkei financial newspaper.
The company is looking to shift enough Canadian CR-V and Civic production to the U.S. so that it can meet 90 per cent of U.S. sales with vehicles produced there, up from its current level of about 70 per cent, the report said.
The U.S. imposed 25 per cent tariffs on all imported vehicles in early April, including ones produced in Canada despite the free trade deal, significantly raising costs for all importers.
Are Carney’s and the Liberal Party’s ties to China going to kibosh any hope of good deal?
