Honda Spending $200 Million to Bring More Jobs to Ohio
The great migration to bring jobs back to the U.S. is well underway now, with the latest automaker to do so being Honda. Sure, Honda recently announced that it would be setting up shop in Mexico to build the next-generation Fit hatchback. But today Honda has said it's bringing more jobs into the U.S., too—specifically Ohio. And to do so, it's investing $200 million. In the announcement, Honda outlined a plan to bring 200 new manufacturing jobs to the Buckeye State, bringing its investment there to $1.2 billion over the past two years. The new hires will go to Honda's Ohio engine and transmission plant. Across all of its North American facilities, Honda's recent investments have totaled $12.5 billion. Honda's first North American plant was completed this day in 1982 as a way to circumvent the strict regulations domestic automakers had the federal government put on import cars at the time. It set up shop in rural Marysville, Ohio, outside of Columbus."For 30 years, Honda associates in our U.S. auto plants have challenged themselves and set high standards to create products that meet the needs of our customers here and in markets around the world," said Tetsuo Iwamura, president and CEO of American Honda Motor Co., in a statement. After creating its first manufacturing plant to produce the Honda Accord in Ohio, Honda has built 15 plants in North America, including the one in Mexico still under construction. Not only are the Hondas made on this continent produced and sold locally, but many of the parts they produced are shipped globally to support other facilities. With the recent increased cost of doing business in Europe and Asia, Honda is finding smart alternatives, like Ohio, to branch out business while still keeping costs cheap. Thirty years after the first Accord left the assembly line on U.S. soil, Honda is now poised to bring more cars than ever from the depths of its manufacturing facilities. With the completion of the Mexican plant, Honda will be able to produce 1.92 million cars annually from North American factories alone. Source: Honda via Automotive News (Subscription required)
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