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Honda plans to invest $2.5 bln to build hybrid vehicle plant in Ohio, Nikkei says
- Honda plans to invest about 300 billion yen to 400 billion yen in the new plant, expected to start production in 2030
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TOKYO: 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 forecasts 70% net profit drop citing ‘tariff impact’
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.