Honda Invests $215 Million in Ohio Operations
Earlier today Honda announced its plan to invest $215 million to add new powertrain technologies and a technical training center at the Anna, Ohio engine facility. Honda plans to use the money to also create a heritage center to highlight the brand's history in North America, as well as office space for Honda North America Services, LLC in Marysville, Ohio. These investments are expected to bring in around $2.7 billion. Almost $180 million of the initial investment will go to the Anna engine facility to expand aluminum die casting capabilities and engine part production. Over the last three years, the automaker has invested almost $500 million into the Anna facility, which has helped produce direct injection engines, as well as continuously variable transmissions. "For the 21st Century of manufacturing, we believe our success will be defined by the successful interaction between our associates and technology. Even as we introduce more sophisticated technologies in our products and in our plants, we are working to ensure that our associates are equipped with the skills required for the manufacturing requirements of the future. We view this investment in Honda people as critical to our future success," said Rick Schostek, senior vice president of Honda North America, Inc. Honda engineers, equipment service technicians, and line-side associates will now have unique opportunities to further develop their skills and refine their technical knowledge in a hands-on environment thanks to the new training centers. Along with the hefty investments made for Anna, Honda has been introducing new products to all North American facilities. Source: Honda
Chrysler Group Investing $52 Million Into Michigan Engine Facilities, Increasing Tigershark Engine Capacity
Chrysler Group announced today that it will be investing $52 million into its Michigan engine facilities.