Honda opening up a new plant
On Wednesday, Honda president, Takeo Fukui announced to invest $1.5 billion to build a new car production and engine plant. Currently, Honda Motor Company Limited (TYO: 7267) has two car production plants; one in Tokyo in Saitama and the other in Western Japan. The 200,000 upa engine production facility will be constructed in Ogawa. The first unit will come off in 2009. Automotive World report: In related news, president Fukui confirmed provisional plans announced in March that a subsidiar
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