Honda pouring $355M into Ohio plant upgrades
While Honda's troubles have been severe, they're short term, and Honda has always been a forward-thinking company. That's why it should come as no surprise that the Japanese automaker is sinking $355 million into its Ohio facilities. The Detroit News reports that Honda will spring for $166 million in improvements to its East Liberty plant and another $64 million on a stamping press at the Marysville plant.
The automaker is also investing in its Raymond research and development center, with upgrades that include a new wind tunnel. Honda won't say exactly how much it is spending on the wind tunnel, but Frank Ohlemacher, a project manager at Ohio State's Center for Automotive Research, says tunnels range in cost from $25 million for a "half scale" model to over $100 million for a full-size tunnel.
The $355 million in upgrades doesn't include the $94 million Honda says it will spend modifying its Lincoln, Alabama plant and $800 million to build a small-car plant in Mexico.
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