BREAKING Monthly earnings rise, payroll employment falls: jobs report
The number of vacant jobs in Canada increased in February, while monthly payroll employment decreased in food services, manufacturing, and retail trade, among other sectors.
Although General Motors will build Honda's first two fully electric vehicles for North America, the Japanese automaker plans to change course and manufacture its own later this decade.
Company officials say they're developing their own EV architecture, and after two GM-made EVs go on sale in 2024, Honda will start building its own.
"It's absolutely our intention to produce in our factories," Honda of America Executive Vice President Dave Gardner said, adding that Honda has developed battery manufacturing expertise from building gas-electric hybrids. "We absolutely intend to utilize that resource."
Honda and GM have been partners on hydrogen fuel cell and electric vehicles. Earlier this year they announced that GM would build one Honda SUV and one Acura SUV using its Ultium-branded electric vehicle architecture and battery system. The company said the Honda SUV would be named the Prologue, and that both SUVs will have bodies, interiors and driving characteristics designed by Honda.
But after those two, Honda plans its own manufacturing for most of a series of electric vehicles, although it hasn't determined if it will use GM components.
Gardner says sales projections for the Prologue are between 40,000 and 150,000 per year, but he didn't say when those numbers would be reached.
In April, the company said it plans to phase out all of its gasoline-powered vehicles in North America by 2040, making it the latest major automaker with a goal of becoming carbon neutral. Honda wants 40% of North American vehicle sales to be battery or fuel-cell powered by 2030, and 80% of all vehicles sold to run on batteries or hydrogen by 2035.
Honda initially had planned to meet stricter government fuel economy and pollution standards by adding hybrids to improve internal combustion engines. But regulatory actions across the world to combat climate change, including proposals from U.S. President Joe Biden, have moved the company more toward electric vehicles, Gardner said.
Battery-electric vehicles accounted for less than 2% of U.S. new-vehicle sales last year, but analysts are predicting huge growth as automakers roll out new models. The consulting firm LMC Automotive expects nearly 359,000 to be sold this year, passing 1 million in 2023 and hitting over 4 million in 2030. Still, that's roughly one-quarter of annual new vehicle sales.
The number of vacant jobs in Canada increased in February, while monthly payroll employment decreased in food services, manufacturing, and retail trade, among other sectors.
The Canadian Medical Association asserts the Liberals' proposed changes to capital gains taxation will put doctors' retirement savings in jeopardy, but some financial experts insist incorporated professionals are not as doomed as they say they are.
A West Virginia father is getting some sense of closure after authorities found the remains of his young daughter and her mother following a deathbed confession from the man believed to have fatally shot them nearly two decades ago.
For centuries, people have wondered what, if anything, might be lurking beneath the surface of Loch Ness in Scotland. When Canadian couple Parry Malm and Shannon Wiseman visited the Scottish highlands earlier this month with their two children, they didn’t expect to become part of the mystery.
Recent injected drugs like Wegovy and its predecessor, the diabetes medication Ozempic, are reshaping the health and fitness industries.
Two military horses that bolted and ran miles through the streets of London after being spooked by construction noise and tossing their riders were in a serious condition and required operations, a British government official said Thursday.
Mounties in Nanaimo, B.C., say two late-night revellers are lucky their allegedly drunken antics weren't reported to police after security cameras captured the men trying to steal a heavy sign from a downtown business.
It's no secret that spring can be a tumultuous time for Canadian weather, and as an unseasonably mild El Nino winter gives way to summer, there's bound to be a few swings in temperature that seem out of the ordinary. From Ontario to the Atlantic, though, this week is about to feel a little erratic.
The oldest living former major leaguer, Art Schallock turns 100 on Thursday and is being celebrated in the Bay Area and beyond as the milestone approaches.
A property tax bill is perplexing a small townhouse community in Fergus, Ont.
When identical twin sisters Kim and Michelle Krezonoski were invited to compete against some of the world’s most elite female runners at last week’s Boston Marathon, they were in disbelief.
The giant stone statues guarding the Lions Gate Bridge have been dressed in custom Vancouver Canucks jerseys as the NHL playoffs get underway.
A local Oilers fan is hoping to see his team cut through the postseason, so he can cut his hair.
A family from Laval, Que. is looking for answers... and their father's body. He died on vacation in Cuba and authorities sent someone else's body back to Canada.
A former educational assistant is calling attention to the rising violence in Alberta's classrooms.
The federal government says its plan to increase taxes on capital gains is aimed at wealthy Canadians to achieve “tax fairness.”
At 6'8" and 350 pounds, there is nothing typical about UBC offensive lineman Giovanni Manu, who was born in Tonga and went to high school in Pitt Meadows.
Kevin the cat has been reunited with his family after enduring a harrowing three-day ordeal while lost at Toronto Pearson International Airport earlier this week.