Honda marks 30th year of US production with $200mln in new investments

Article by Anita Panait, on November 2, 2012

Honda announced $200 million in fresh investments at its engine plant in Anna, Ohio and its transmission site in Russells Point, Ohio, marking the 30th anniversary of its auto production in the United States. The investments are expected to lead to the creation of 200 manufacturing jobs. The expansions at the Ohio plants will bring to $12.5 billion the investments that Honda has brought to U.S. auto manufacturing since it built the first Japanese car built in the U.S. on Nov. 1, 1982.

Over $1.2 billion of the amount has been released for US sites within the past two years. Tetsuo Iwamura, president and chief executive of American Honda Motor Co., Inc., as well as chief operating officer of North American Regional Operations, remarked that for 30 years, Honda associates in its U.S. auto plants have challenged themselves and set high standards to create products that meet the needs of its customers here and in markets around the world.

Iwamura added that Honda continues to invest in its associates, which help keep its operations in America on the “leading edge of quality, efficiency and flexibility.” Honda has been committed to build products close to its customers, and it was shown 30 years ago when it became the first Japanese carmaker to produce automobiles in America.

That occurred on Nov. 1, 1982, when the first Honda Accord sedan rolled off the assembly line at the Marysville Auto Plant. Honda currently produces vehicles, engines and transmissions in North America at seven auto plants, three auto engine plants and two transmission plants -- with output capacity of 1.63 million cars and trucks annually.

Honda is planning to increase its production capacity at its plants and is set to commence production of sub-compact vehicles at its eighth North American auto plant in Mexico – bringing the carmaker’s North American capacity to 1.92 million units.

Topics: honda, investment

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