Honda picks Indiana for new plant

Indiana turned out to be the fairest one of them all for Honda. The automaker announced that its much-anticipated plant, for which it considered numerous sites in the Midwest, will be built on a 1,700 acre site near Greensburg, Ind. to the tune of $550 million. Honda's sixth North American plant, which will have a capacity of 200,000 vehicles per year, should start production in 2008 and will employ 2,000 people initially.

[Source: Bloomberg]