Anita Balakrishnan

2 days ago | thelogic.co | Anita Balakrishnan

Honda said it will postpone its $15-billion expansion in Canada by two years, telling shareholders in an open letter it will restart the massive project only with a “close eye on further market demands.”Honda Canada spokesperson Ken Chiu said the decision has no impact on current production or employment levels at the company’s manufacturing facility in Alliston, Ont., which employs about 4,200 people.

6 days ago | thelogic.co | Anita Balakrishnan

The province will spend $17 million on small businesses in the auto supply chain amid a “storm of tariffs and economic uncertainty,” economic development minister Victor Fedeli said in a press release. (The Logic)Talking point: Friday’s investment is part of an R&D partnership fund that co-invests alongside small businesses to commercialize vehicle technologies. Private sector firms will invest about $39 million in the projects.

1 week ago | thelogic.co | Anita Balakrishnan

The automaker said that it has set aside 180 billion Japanese yen ($1.7 billion) for just two months of U.S. tariffs. It now expects net income to drop nearly 35 per cent in the next fiscal year to 3.1 trillion yen, falling short of the nearly 3.7 trillion yen expected by analysts, according to data from Visible Alpha. (The Logic)Talking point: Toyota does not plan to hike prices “hastily,” chief financial officer Yoichi Miyazaki said in a press briefing.

1 week ago | thelogic.co | Anita Balakrishnan

The automaker is adding as much as US$2,000 to its Mustang Mach-E electric SUV, Maverick pickup and Bronco Sport models, according to a memo sent to dealerships viewed by Reuters. Ford told Reuters that the company is not passing the full cost of tariffs onto customers. (Reuters)Talking point: U.S. consumers could start seeing the impacts of tariffs on car prices as soon as June. On the plus side, Ford said it won’t affect Canadian car buyers.

1 week ago | thelogic.co | Anita Balakrishnan

The Cameron County, Texas Elections Department reported that 97 per cent of voters approved the city’s incorporation, and 100 per cent of voters elected SpaceX vice president of Texas launches, Bobby Peden as mayor. Two city commissioner slots were filled by SpaceX engineer Jenna Petrzelka—who is also married to a company vice-president, according to The Texas Tribune—and SpaceX environmental health and safety director Jordan Buss. (The Logic)