New Honda plant

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scherry2
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Joined: Wed Mar 26, 2003 8:02 am

New Honda plant

Post by scherry2 »

New plant in Indiana. I read somewhere they might build civics and fits. -- Honda to build new plant in Indiana By Poornima Gupta, Wed Jun 28, 2:23 PM ET DETROIT (Reuters) - Japan's Honda Motor Co. Ltd. (7267.T) said it plans to build a new $550 million assembly plant in Indiana as it boosts capacity to meet increased demand for its cars in the world's largest vehicle market. The plant will be constructed in Decatur County, near Greensburg, 50 miles southeast of Indianapolis, Honda said on Wednesday.Honda, the first Asian auto maker to build vehicles in the United States, has outlined an aggressive growth strategy for North America. The company plans for its North American sales to grow by 16 percent to more than two million vehicles by the end of the decade.The plant will begin production of 4-cylinder vehicles in the fall of 2008 with an annual production capacity of 200,000 vehicles and will employ 2,000 people, the company said.Honda declined to say which vehicle would be built in the plant."It's not really a surprise," said Dave Cole, Chairman of Center for Automotive Research in Ann Arbor, Michigan. "The automakers want to be the highest-paying employer and they want to have a pool of experienced workers, so Indiana was an expected choice for Honda."The new Indiana plant, Honda's sixth assembly plant and 14th major plant overall in North America, will help boost Honda's total North American production capacity to more than 1.6 million units in 2008 from 1.4 million units.Analysts said Honda could also be eyeing the truck market with the additional capacity.Honda, which saw U.S. sales rise 5.2 percent to 1.4 million vehicles last year, has been grabbing U.S. market share along with larger Japanese rival Toyota Motor Corp. (7201.T) at the expense of Detroit's traditional Big Three automakers, General Motors Corp.(NYSE:GM - news), Ford Motor Co. (NYSE:F - news) and Chrysler (DCXGn.DE).Last year, Honda's U.S. share grew 0.4 percentage points to 8.6 percent in a market that was almost stagnant. Its expansion comes as General Motors and Ford are in the midst of shedding a total of up to 60,000 jobs and shuttering 26 plants in the next few years.INDIANA BEAT OHIOThe Indiana site is about 100 miles from Honda's engine plant in Anna, Ohio, which will supply four-cylinder engines to the Greensburg plant."The density of the supply base allowed us to choose this location," said Larry Jutte, senior vice president, Honda of America Manufacturing.The state of Indiana is providing about $85 million in incentives to Honda, including about $45 million to improve infrastructure, Indiana Governor Mitch Daniels told reporters.Indiana beat Ohio, a state that is home to other Honda facilities and had been seen as a front runner for the location for the plant. The Japanese automaker has two assembly plants in Ohio and one in Alabama."One of the concerns they had with Ohio was that a number of Honda suppliers were located there," Cole said. "Honda's pay is higher than their pay, which would have drained workers away from the suppliers."Ohio governor Bob Taft said the good news is that the plant is located in the state's backyard."It's not located in Alabama or Georgia where our suppliers are shut out of the picture," he said.
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ColonelPanic
Posts: 8436
Joined: Sun Jan 05, 2003 8:48 am
Location: South Central Indiana

Re: New Honda plant (scherry2)

Post by ColonelPanic »

That's interesting news... I was a bit surprised to find out the plant was going to be in Indiana though. If they were going to locate in this general area of the US, I figured they'd just go back to Ohio where they already have those two other final assembly plants. But this isn't that far away and I'm sure somebody somewhere made it worth Honda's while to go there instead.I'm sure the folks in and around Greensburg won't mind winning the site, there isn't a whole heckuva lot going on around there. It's pretty good news for the area.
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Pyro-Andrew
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Re: New Honda plant (ColonelPanic)

Post by Pyro-Andrew »

i was hoping they were going to around Van Wert here in Ohio. But i guess we already have 3. haha and a GM Powertrain here in Defiance.
Have: 2006 Pontiac Torrent. Perferred Package. Sun & Sounds Package. Blue Streak Color. Sirius Radio.
kostby
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Joined: Thu Jan 22, 2004 2:52 pm

Post by kostby »

And Honda plants, like Toyota and Subaru are non-union, am I right? (imaging thousands MORE Hoosier UAW jobs evaporating. )
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My 2003 Vibe Base Auto 2-tone Salsa "SalsaWagon" was built in May 2002. I acquired it in Feb 2004/Traded it in on a 2016 Honda HR-V in Feb 2018.
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ColonelPanic
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Joined: Sun Jan 05, 2003 8:48 am
Location: South Central Indiana

Re: (kostby)

Post by ColonelPanic »

Well, at least they're jobs though... Those are getting pretty hard to come by these days... I know it's a loss for the unions though, and I hate to see that... But at least they didn't go set up shop in Mexico or elsewhere... I'm happy to see someone come the US, and even happier to see them show up in Indiana.
03 Vibe base. Born 10/14/2002 06:07 AM
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Neptune/dying clearcoat/primer grey. :lol:

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'15 Escape SE - 1.6L EcoBoost (hers)
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