From The Economic Times · Reuters · · 50s
Honda Invests $3 Billion in Ohio Plant
Honda to build $3 billion hybrid vehicle plant in Ohio, creating 2,000 jobs by 2029.
In brief
Honda to build $3 billion hybrid vehicle plant in Ohio, creating 2,000 jobs by 2029. Honda will invest $3 billion in an Ohio plant to produce 240,000 hybrid vehicles annually starting in 2029, creating 2,000 jobs. Originally reported by The Economic Times.
Honda's Ohio Plant Investment
Honda Motor will build a $3 billion auto plant in Ohio to make hybrid vehicles, creating 2,000 jobs.
Production Capacity Details
The plant will produce 240,000 vehicles annually and begin production in 2029, increasing US annual capacity to 1.3 million vehicles.
Canadian Operations Commitment
Honda also committed $613.6 million to Canadian operations, including $166 million in Alliston, Ontario, to maintain its 4,000-strong workforce.
Additional Investments
Honda plans $338 million in Ohio, unspecified investments in Georgia and Alabama, and retooling engine plants.
Here's the gist
Honda will invest $3 billion in an Ohio plant to produce 240,000 hybrid vehicles annually starting in 2029, creating 2,000 jobs.
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