The facility, which is expected to begin production in 2029, would be capable of building 240,000 vehicles a year, bringing the company's total U.S. auto production capacity to about 1.3 million annually.
Honda Motor plans to invest $3 billion to build a new assembly plant near its current facilities in Marysville, Ohio. The automaker said the plant will focus on hybrid vehicles and is expected to begin production in 2029.
Japan's Honda will invest 3.3 billion reais ($602.2 million) by 2030 to expand the capacity of its motorcycle plant in Brazil, the company said in a statement on Thursday.
Honda executive warns higher tariffs on Canadian imports would hurt industry Higher tariffs on Canadian steel, autos could hit from January 1 Rules around origin of car parts are sticking point for
Honda executive Jennifer Thomas said a planned Jan. 1 increase to tariffs on Canadian vehicles and parts would be “catastrophic” for the auto industry. President Donald Trump has threatened to double tariffs on Canadian vehicles and parts from 25% to 50% if a trade deal is not reached between the two countries.
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