Honda to build new $3 billion auto plant in Ohio, adding 2,000 jobs

Japanese automaker Honda Motor announced on Monday plans to build a new $3 billion auto plant in central Ohio, creating 2,000 jobs and increasing its US production capacity to 1.3 million vehicles annually. The new facility will be capable of producing 240,000 vehicles per year and is set to begin operations in 2029. Honda is also investing $338 million in Ohio and has made a $613.6 million commitment to its Canadian operations, including $166 million in its Alliston, Ontario plant, which maintains a workforce of 4,000 workers.

The Canadian government is contributing $313 million to the Alliston project. Honda plans to invest an additional $166 million in Georgia and Alabama for the development of a new V6 hybrid engine. The company also announced plans to scrap electric vehicle sales goals and indefinitely suspend a $9 billion EV project in Canada as part of a $9 billion EV writedown.