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Big news from the Honda camp today. In its push to fulfill its "2010 Vision" established in 1998 Honda will be introducing a new low-cost hybrid in North America in 2009 that's expected to sell 200,000 units annually worldwide. It will be produced at the company's Suzuka plant in Japan and be a "dedicated" hybrid model, meaning that this is not the Fit Hybrid that's been floating around the web the past few weeks.

In anticipation of the upcoming diesel boom in the U.S. after the E.P.A. switches us over to Ultra Low Sulfur Fuel in October of this year, Honda will also be introducing a new four-cylinder direct-injection diesel engine in North America that's based on its offerings in Europe.

Finally, Honda will invest $400 million in a new U.S. assembly plant that will be operational by 2008, as well as put another $140 million in a new engine plant in Canada. Another $125 million is being pledged to expand the company's engine, transmission and powertrain component facilities in Georgia and Ohio, as well. All told these facilities will generate an additional 1,920 jobs in North America and boost Honda's production on the continent from 1.4 million to 1.6 million units by 2008.

For further details check out the full press release from Honda after the jump...

[Source: Honda]

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Honda: new hybrid, new diesel engine and 2 new plants in N.A. originally appeared on Autoblog on Wed, 17 May 2006 01:21:00 EST. Please see our terms for use of feeds.

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