Market Outlook: Honda and Toyota dominate Canada vehicle production
BNN Bloomberg
Honda and Toyota now make 77 per cent of Canada’s vehicles as U.S. tariffs, EV policy shifts and CUSMA talks reshape the auto sector.
BNN Bloomberg spoke with David Adams, President of the Global Automakers of Canada, at the Canadian International AutoShow about tariffs, production trends, EV strategy and what’s at stake in upcoming trade talks.
Read the full transcript below:
ROGER: Well, Canada’s vehicle manufacturing landscape has changed wildly over the past year as Canada copes with U.S. tariffs aimed at shifting manufacturing jobs south of the border. While production from American companies has fallen sharply in Canada, other international companies like Honda and Toyota have been better able to maintain their presence here. Joining us now is Andrew Bell, who is standing by with David Adams, president of the Global Automakers of Canada, down at the Auto Show. Andrew?
ANDREW: Thanks very much, Roger. Yeah, you’re dead right. In fact, incredibly, last year 77 per cent of the cars and light trucks produced in Canada were by Toyota and Honda. So I’m here with David Adams. He is president of the Global Automakers of Canada. Thanks very much for giving us the time. Your group represents Honda and Toyota and who else?
DAVID: Basically all of the European and Asian auto manufacturers. So we have 16 member companies in the association and, as you said, our two manufacturing members are responsible for more than three quarters of the production in Canada. All of our members together are responsible for more than 60 per cent of all the sales in Canada, and probably the preponderance of electric vehicle sales as well.
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