Honda plans to invest $2.5 billion to build hybrid vehicle plant in Ohio, Nikkei says

SHARE NOW

By Satoshi Sugiyama

TOKYO, Sept 24 (Reuters) – Japan’s Honda Motor is in the final stages of preparations to build a new hybrid vehicle production plant in Ohio, the Nikkei business daily said on Thursday.

Honda plans to invest about 300 billion yen to 400 billion yen ($1.90 billion to $2.53 billion) in the new plant, expected to start production in 2030, the daily said.

($1 = 157.8800 yen)

(Reporting by Mariko Katsumura; Editing by Clarence Fernandez)

Brought to you by www.srnnews.com