Automotive

TORONTO — Honda has postponed a $15-billion electric vehicle project in Ontario, citing market demand, and is shifting some production of its popular CR-V model intended for the U.S. market to its Ohio plant because of tariffs.

The mayor of an Ontario municipality set to be the home for Honda's now-postponed $15-billion electric-vehicle project said Tuesday he is not giving up hope on the plant.

WASHINGTON (AP) — Inflation cooled for the third straight month in April even after some of President Donald Trump’s tariffs took effect, though economists and many businesses expect inflation will climb in the coming months. Consumer prices rose 2.

MONTREAL — A group of investors has submitted a revised offer to buy Quebec vehicle-maker Lion Electric, providing a possible lifeline to the beleaguered company.

HONG KONG (AP) — Asian shares advanced Monday after two days of trade talks between China and the U.S. made what the U.S. side said was “ substantial progress .” U.S. futures and oil prices advanced.

NEW YORK (AP) — U.S. stocks drifted through a quiet Friday as Wall Street closed an unusually calm week. The S&P 500 slipped 0.1% to finish the week with a modest dip of 0.5%.

WASHINGTON — The White House on Friday downplayed the North American automobile industry's claim that U.S. President Donald Trump's new trade deal with the United Kingdom could make the sector less competitive.

WASHINGTON — U.S. President Donald Trump's preliminary trade agreement with the United Kingdom sent a signal to countries around the world — including Canada — about the goals of his campaign to upend global trade with tariffs.

COLUMBIA, S.C.

TORONTO — A new report suggests that if Canada can't convince President Donald Trump to drop all auto tariffs, it should negotiate a new auto trade agreement with the U.S.