HONDA WILL BUILD NEW $3 BILLION AUTO PLANT IN OHIO, ADDING 2,000 JOBS
Japanese automaker Honda Motor will build a new $3 billion auto plant in central Ohio to make hybrid vehicles, creating 2,000 jobs, it said on Monday. The company said the plant will be able to produce 240,000 vehicles annually and begin production in 2029. It will increase its US auto production capacity to 1.3 million vehicles annually, and North American capacity to 1.9 million.
Honda is also making a C$867 million ($613.6 million) commitment to its Canadian operations, including a C$166 million investment in its Alliston, Ontario, operations, maintaining its 4,000-strong Canadian workforce. The Canadian government said it is investing C$313 million in the Alliston project. Honda plans another $338 million investment in Ohio, and unspecified new investments in Georgia and Alabama.
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