Honda to Add New U.S. Auto Plant and New Environmentally Friendly Products

[hondapro]

New U.S. auto plant and Canadian engine plant to begin production in 2008; Advancements in fuel efficiency including new hybrid car and clean diesel technology
Honda's North American plan includes the following new corporate initiatives:

Construction of a new auto plant in the U.S. with an investment of approximately
$400 million to begin production in 2008, with employment of more than 1,500 associates at full capacity.
Construction of a new engine plant in Canada to begin production of four-cylinder engines in 2008 with an investment of $140 million and employment of 340 associates.
Expansion of U.S. engine, transmission and powertrain component production in Ohio and Georgia, with additional investment of $125 million and additional employment of 80 associates.
Introduction in the U.S. and Canada in 2009 of a new, more affordable, dedicated hybrid car.
Introduction in the U.S. and Canada within the next three years of new diesel engine technology that meets U.S. EPA Tier 2 Bin 5 emissions standards.
Establishment of a goal to increase American Honda's Corporate Average Fuel Economy (CAFE) by five percent over 2005 levels by the year 2010.


source: hondanews.com