Honda announces new $3B plant in Ohio
In a major validation of President Donald Trump’s domestic manufacturing push, Honda announced it will invest $3 billion to build a brand new auto plant in Central Ohio. This marks the automaker’s fourth assembly facility in the Buckeye State and its first major new U.S. assembly plant since 2008. The new facility — designed primarily to boost production of hybrid-electric vehicles — is slated to begin operations in 2029. The site will have the capacity to produce 240,000 vehicles annually, bringing Honda’s total United States auto production capacity to about 1.3 million vehicles per year, Honda stated on Monday. “As Honda approaches 50 years of building products close to our customers in America, we are making one of the most significant commitments in our history to position Honda for the next 50 years,” said Bob Nelson, executive vice president of American Honda Motor Co., Inc. Company executives noted that Ohio was chosen for the new plant in part due to “an established, hig...