The new centre is designed to demonstrate the engineering and capabilities of Porsche models.
CAMI isn’t the casualty of a trade war. It’s a lesson in Business 101: Supply and demand.
Honda Canada said approximately 69 per cent of all Honda vehicles sold in Canada are built in Canada, and 99 per cent of Honda vehicles sold in Canada are sourced from North American facilities.
March sales were an estimated “healthy” 185,000, up 11.4 per cent over the same month a year ago. And, first quarter sales were up 3.7 per cent to 385,616.
Analysts and auto executives had been warning that tariffs would lead to a production stop within a week or two of their implementation.
While Canada escaped further tariffs, its auto industry continues to face 25-per-cent tariffs on new vehicles and auto parts shipped to the United States.
Ford governs the only jurisdiction that is home to five automakers — which operate eight assembly plants in his province.
The five-day event, which took place at the Vancouver Convention Centre, showcased more than 30 automotive brands.
Unifor Local 200 President John D’Agnolo estimates each truckload of engines would face US$75,000 in duties if they were transported over the border under a 25-per-cent levy.
S&P said the worst-case scenario of a 'tariff winter,' with a 20% chance of probability, would be a no-win situation for consumers and automakers.