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Automaker investments to top $5B in 2013

Keywords: Tags  automotive investments, Honda Motor, powertrain, aluminum die casting capacity, General Motors, Chrysler, Ford Motor, Hyundai Motor Kia Motors



CHICAGO — Honda Motor Co. Ltd. plans to spend about $215 million on new powertrain technologies and a technical training center at its engine plant in Anna, Ohio, particularly to boost capacity for aluminum die cast parts.

Honda’s early-August announcement puts the total investment pledged by the eight top-selling automakers into the U.S. market at more than $5 billion since Jan. 1.

Honda will spend $180 million at its Anna Engine Plant in Ohio to expand capabilities in aluminum die casting and engine parts production related to the Honda Earth Dreams Technology engines and transmissions.

The sum of its investment at Anna over the past three years tops $500 million.

The Japanese automaker said it will spend a further $35 million to build technical training centers for powertrains at Anna and auto manufacturing in Marysville, Ohio.

Seven Honda facilities across North America, including four in the United States, produce up to 1.63 million vehicles per year. In 2012, 90 percent of the Honda and Acura models sold in the United States were made in North America. This will rise to 1.92 million vehicles in 2014, with the locally produced percentage exceeding 95 percent, the company said.

Detroit-based General Motors Co. recently announced an additional $167-million capital outlay at its Spring Hill, Tenn., assembly plant (amm.com, Aug. 6)

U.S. light vehicle sales by the eight top-selling brands rose 8.4 percent through July vs. the same seven-month span last year. Industry analysts predict 2013 sales will exceed 15.5 million units.


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