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Canada car dealership braces for tariffs
Honda Motor this week said it is moving accumulation of its Civic Hybrid hatchback from Japan to the U.S. The announcement comes amid a barrage of tariffs by the Trump administration, including a 25% levy connected imports from Canada and Mexico and 25% car tariffs.
"We are presently dual-sourcing the Civic Hatchback Hybrid from our Indiana Auto Plant and Japan, but opening aboriginal this twelvemonth it volition beryllium produced lone successful Indiana," said Chris Abbruzzese, a spokesperson for American Honda Motor Co., confirmed with CBS MoneyWatch.
The crushed down the displacement successful accumulation was not disclosed. However, different spokesperson for the car elephantine said it was not down to a azygous issue, but alternatively based connected "the company's argumentation since its instauration that we nutrient cars wherever the request is," AFP reported.
Honda's hybrid hatchback is simply a semi-electric mentation of the Honda Civic, a apical U.S. seller among tiny cars, according to the Detroit Free Press.
More than two-thirds of Honda and Acura models sold successful the U.S. are manufactured domestically, according to Autoweek.com. The manufacture commercialized outlet reports that the institution has denied rumors of immoderate plans to besides displacement accumulation of its Honda Civic Hybrid sedan, which is manufactured successful Canada, to the U.S.
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Anne Marie D. Lee is an exertion for CBS MoneyWatch. She writes astir topics including idiosyncratic finance, the workplace, question and societal media.
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