Honda to build $3bn Ohio plant, creating 2,000 jobs
By the AFREEQUE newsroom, based on TimesLIVE
Japanese carmaker Honda will build a $3 billion hybrid vehicle plant in Ohio, which will create 2,000 jobs and produce 240,000 vehicles a year from 2029. The group also announces investments in Canada and changes to its engine plants, according to the company’s statement.
Japanese carmaker Honda will build a $3 billion plant in central Ohio, United States, to manufacture hybrid vehicles and create 2,000 jobs, the company announced on Monday, according to Reuters. The site will be able to produce 240,000 vehicles a year, with production due to start in 2029.
The plant will raise Honda’s production capacity in the United States to 1.3 million vehicles a year, and its North American capacity to 1.9 million. In Canada, the group is committing C$867 million, including C$166 million for its Alliston site in Ontario, where the Canadian government is investing C$313 million. Honda also plans an additional $338 million of investment in Ohio, and unspecified investments in Georgia and Alabama.
The group has abandoned its electric vehicle sales targets and indefinitely suspended an $11 billion electric project in Canada, as part of a $9 billion writedown. It is now betting on hybrids, with 15 new Honda and Acura hybrid models by 2030 and a new V6 hybrid engine in Alabama. German carmaker Audi, a subsidiary of the Volkswagen group, announced last month a $4 billion plant near Macon, Georgia, while Toyota is investing $3.6 billion in Texas in the face of US tariffs.
