by Christopher Freeburn | May 15, 2013 11:49 am
With sales of its luxury Acura models climbing, Honda (NYSE:HMC) is looking to add to its production capacity in the U.S.
The Japanese auto giant has announced plans to spend $70 million to refurbish a factory in Marysville, Ohio, to produce its refreshed Acura NSX sports car. The 184,000-square-foot facility formerly produced car seats, Automotive News notes.
After renovations on the plant are completed, it will employ 100 workers who will use industrial robots to assemble the gasoline-electric hybrid cars. The plant is located close to the factory that assembles Honda Accord and Acura TL vehicles.
The updated NSX will hit dealer showrooms in 2015. An earlier line of NSX cars were made in Japan between 1900 and 2005.
Acura sales are up about 14% so far this year, compared to the same time last year.
Last month Honda recalled 205,000 SUVs and minivans sold in the U.S. and Canada due to defective gear shifting equipment.
Shares of Honda rose more than 1% in Wednesday morning trading.
Source URL: http://investorplace.com/2013/05/honda-to-build-70m-supercar-factory-in-ohio/
Short URL: http://invstplc.com/1ftpHR3
Copyright ©2017 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.