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With EVs, Honda may be North America's most committed automaker, for the moment
HMCHonda Motor(HMC) CNBC·2024-06-09 13:29

In this article GM Josh Lefkowitz | Getty Images News | Getty Images This spring, there has been a flurry of announcements from the Japanese company, including an 11billioninvestmentinaCanadianEVhub—thecompanycallsita"comprehensiveEVvaluechain"—andanEVtransformationofOhiooperations."Eachmanufacturerhastheirreasonsfortheirdirection,"saidBobNelson,executivevicepresidentofAmericanHondaMotorCo."The11 billion investment in a Canadian EV hub — the company calls it a "comprehensive EV value chain" — and an EV transformation of Ohio operations. "Each manufacturer has their reasons for their direction," said Bob Nelson, executive vice president of American Honda Motor Co. "The 700 million investment gives us the flexibility to produce ICE [int ...