BusinessTuesday, November 10
Honda will build a $3 billion auto plant in Union County, adding more than 2,000 jobs
The CBUStoday team
If you're job hunting in Central Ohio, Honda just gave you something to watch. The company officially confirmed Monday that it will invest $3 billion in a new Union County auto plant, with Gov. Mike DeWine on hand for the announcement.
Honda's new plant would add 2,000-plus jobs and build 240,000 vehicles a year
- $3 billion
- for the new auto plant
- 2,000+
- new jobs
- 240,000
- vehicles a year in planned capacity
- 2029
- when production is expected to begin
It will be Honda's fourth auto plant in Ohio. Executive vice president Bob Nelson said the plant "will be one of Honda's most advanced in the world," and production is expected to start in 2029, pending final government approvals.
- Location: between the Marysville and East Liberty plants
- Vehicles: hybrid, gasoline-powered and battery-electric
- Also expanding: Anna Engine Plant and Honda Transmission Plant-Ohio
$3.38 billionHonda's total new Ohio investment, with 2,390 new jobs
That counts the new plant plus expansions at the Anna Engine Plant and Honda Transmission Plant-Ohio.
Source: markets.businessinsider.com
Ryan Augsburger, president of the Ohio Manufacturers' Association, called the news "a major win for the Ohio economy." He said state leaders will need to keep addressing manufacturing costs to stay competitive for future investments.