DETROIT (Reuters) – The Japanese Honda will build a new plant in Mexico to assemble cars in order to reduce costs and meet the demand it expects in the United States once the market returned to its levels of before the crisis.
This plant which will cost $ 800 million represents the second major investment in Mexico in as many months from a Japanese manufacturer.
The automotive industry in Japan is being hit by a strong yen and difficulties in the supply of electricity since the earthquake of March 11.
Honda said the plant would open in 2014 and could produce 200,000 vehicles per year. It will employ 3,200 people in the state of Guanajuato, where Mazda is also planning to open a new assembly plant.
The plant will be the eighth of Honda North America.