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Honda to invest $3 billion in new vehicle assembly plant in Ohio
The plant will focus on hybrids and add capacity for gas and electric vehicles as Honda expands U.S. production.
- On Monday, Honda Motor announced a $3 billion investment to build a new assembly plant in Marysville, Ohio, expected to begin production in 2029 with an annual capacity for 240,000 vehicles and create more than 2,000 jobs.
- American Honda Motor executive Jennifer Thomas cited the need to 'maximize the existing capacity' as automakers increasingly build in the United States to navigate President Donald Trump's tariffs and rising logistics costs.
- Since beginning production in 1982, Honda has built more than 33 million vehicles and 39 million engines across 12 United States manufacturing plants. Nearly all vehicles sold in the U.S., including Acura models, are North American-produced, with more than 60% built domestically.
- Volkswagen-Owned Audi announced it would invest more than $4 billion in a Georgia facility roughly two weeks before Honda's announcement. General Motors, Ford Motor, Toyota Motor, and Hyundai Motor also recently committed billions to U.S. operations.
- Thomas warned the industry faces a 'catastrophic' scenario if the U.S. and Canada fail to reach a trade deal by year-end. Trump has threatened to increase tariffs on Canadian vehicles and parts from 25% to 50% on Jan. 1 if negotiations stall.
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Honda will spend $3B on a new Ohio car plant built around hybrids
Honda will invest $3B in a new Ohio assembly plant, its first new US vehicle plant since 2008, opening in 2029 with capacity for 240,000 mostly hybrid vehicles a year. It follows Honda’s retreat from EVs and a wider push to build cars in the US to avoid tariffs. Honda will spend $3B on a […] This story continues at The Next Web
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Total News Sources19
Leaning Left1Leaning Right1Center10Last UpdatedBias Distribution84% Center
Bias Distribution
- 84% of the sources are Center
84% Center
C 84%
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