Automotive

Honda Invests $267 Million, Adds 300 Ohio Jobs for New Accord

Courtesy: Jeff Kowalsky/Bloomberg

Honda Motor Co. is investing $267 million and adding 300 jobs at two Ohio factories as it begins mass production of the redesigned Accord flagship sedan for 2018.

The investments include $220 million for hundreds of new welding robots and other upgrades at the company’s Marysville assembly plant, and $47 million for its engine plant in nearby Anna to start building the company’s first turbocharged engine.

Honda already announced a combined $149 million investment to begin building a new 10-speed automatic transmission for the Accord at factories in Tallapoosa, Georgia, and Russells Point, Ohio.

The investments help take the Accord in a sportier direction, with a lower and wider stance and more interior room. It’s a repeat of the playbook Honda followed with the Civic compact redesign for the 2016 model year, which enabled the Japanese company to withstand that segment’s slump better than the likes of the Toyota Corolla or Nissan Sentra.

Read the full story at Bloomberg.com.

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