Honda announces $200M investment, 200 jobs in Ohio

Honda said Thursday it will make more than $200 million in new investments at two plants in western Ohio, creating at least 200 new manufacturing jobs.
Associated Press
Nov 1, 2012

 

The automaker says the expansions for the Anna engine plant and Russells Point transmission plant were announced to mark Honda's 30th anniversary of auto production in the United States.

Honda spokesman Ron Lietzke said the upgrades will continue the company's effort to localize the manufacturing of its products in North America.

Honda will spend about $170 million to add a fourth engine assembly line and make other upgrades at the plant in Anna, adding about 200 new jobs. Construction will begin in the next few months at the plant about 50 miles north of Dayton.

Another $50 million investment at the transmission plant at Russells Point, about 60 miles northeast of Dayton, is in addition to a round of previously announced new spending at the facility. The projects will "increase flexibility to produce advanced transmissions and powertrain components," the company said.

The Russells Point upgrade will result in some new jobs, but the company said it will announce details later.

Honda said it has invested about $475 million at those plants within the past two years.

The Anna facility is Honda's largest engine plant. It employs about 2,600 people and produces four-cylinder and V6 engines and drivetrain components. The roughly 1,100 employees at the Russells Point facility make automatic transmissions and four-wheel-drive systems.

Honda's new Accord sedan being built at the company's Marysville plant in central Ohio has led to investments and more jobs in the Anna and Russells Point plants, with companies that supply Honda with products and services also getting a boost.

Overall, Honda has about 13,500 Ohio employees in manufacturing, support, research and development and other operations.

Honda has nine automobile assembly lines at seven plant sites in North America, with an annual capacity of 1.63 million Honda and Acura cars.

 

Comments

The Big Dog's back

Gee, I wonder what mittwit will say about this.

Erie County Resident

Mitt would be real proud of them.
They as well as Ford made it without having their hand in Obama's (OUR) pockets for free money.
I can see it now, the UAW union hacks sending busloads of protesters from GM/Chrysler to pickett the plants because "they don't belong".
Almost seems like a Right-To-Work state huh?

T. A. Schwanger

Iv'e worked for the Big Three for 30 plus years and am thankfull for it. Let's not forget:::: www.forbes.com/.../2011/09/19/fo... ::::"But wait a minute. OK, Ford didn’t file bankruptcy or get bailed out by Uncle Sam, but didn’t it receive $5.9 billion in low-cost government loans in 2009 to overhaul its factories and bring out more fuel-efficient technology? What would have happened to Ford if Congress hadn’t authorized taxpayer money to fund that $25 billion Energy Department program during a moment of crisis for the industry. forbes.com/.../2011/09/19/fordantibailoutcommercial

mikel

so, the moral of your story is that maybe gm should have taken a loan? oh wait, they did through a gov't backed bankruptcy and was for a he!! of a lot more cost. gm still owes the fed gov't $25billion++.

so maybe you can tell us why uaw products su ck. 7 other car companies have been rated better than gm and chrysler. why is that? haven't screwed the taxpayer enough yet?

John Harville

EC Resident: check your history. In 2009 Honda AND Toyota got loans from THEIR government to get US loans to expand plants here. Yeah... Right to Work for lower wages and fewer benefits...

IT'S ME

Mitt will think it's great news, it's the UAW Obama supporters who will hate it!

John Harville

@ it's... you mean like Mitt loved that his wife's blind trust spent $1 million on 62-cent shares of Delphi before it moved, then sold it at $32+ a share and reaped a $15,0000,000 profit while Delphi managers lost their pensions and blamed it on Obama?

totallyamazed

.
.
It'll help offset the jobs being shipped to China via Jeep?
.
.

Seriously.

Another brainwashed victim of political ads I see. Chrysler has said Mitt lives in a "parallel universe" (ie they are saying he is a liar) and said repeatedly it is making new factories in China in order to get into their market. These are not Jeeps being made to ship back here for us to buy.

So you take Romney's interpretation of what Chrysler said instead of what Chrysler actually said. The Jeeps sold here will continue to be sold here. If you fear jobs being sent overseas, fear Mitt Romney since he actually bought Chinese factories. Do the research yourself instead of believing political ads. Look up GM's response to Romney ad about Jeeps to China and hear what they are doing without the political spin placed on it from the Romney camp.

Erie County Resident

@ Seriously,
Here is GM's response to Romney via the US taxpayer bailout. This is the thanks they got.
While GM was cashing the bailout check they closed plants and dealerships here and opened what 11+ plants in China?
Yep GM and Obama really stand behind the American working class ... NOT!!!
Watch the whole video not just the opening 3 seconds like usual.
http://www.youtube.com/watch?v=L...

totallyamazed

.
.
As always I do appreciate a fine education but as my teacher you shouldn't assume (cause we do know was assume means - a$$ out of u & me). You see I don't watch political ads nor commercials in general. Political ads are filled with lies, deceptions, and some pretty bad acting. I heard the Jeep rumor on the radio (not Beck, Limbaugh, Hannity, Savage....etc - in my book they're just like political ads), it was a news break on some radio station, most likely classic rock - Toledo or Cleveland.

Besides my comment was in the form of a question not a declaration of fact.

That said, I'll be voting Romney ;-D
.
.

John Harville

Don't overlook the fact the Romney's made $15,000,000 - 4000% profit - when Bainmitt took Delphi to China...

coasterfan

Actually, Jeep is ADDING 1100 jobs at their Toledo Plant; they're opening an entire new line. As Seriously correctly stated above, NO American jobs are being moved to China by Jeep. Romney's ad was given the "Pants On Fire" rating by the independent fact-checking organization PolitiFact' for being 100% false. The flailings of a desperate losing candidate...

Contango

@ coasterfan:

Jeep to China? Merely a mistatement of country destination. Fiat is said that they are looking to move production to Italy.

Know this: Fiat is financially very weak and is looking for another partner; maybe Mazda?

Read more biz and watch less Bill Maher.

http://www.bloomberg.com/news/20...

luvblues2

Looks like OHIO gets to make the call this time. Go vote, or don't complain after the fact.

OMG.LOL.WT_

Erie County Resident: Watch the whole tape. You just pick the parts YOU like.
http://www.nationofchange.org/re...
Governor Romney, while opposing the bail-out of GM, accused Obama of eliminating the pensions of 21,000 non-union employees at Delphi. In fact, it was Romney’s funders who wiped out 100% of the pensions and health care accounts of Delphi salaried retirees­­.

Paulson and Singer paid an average of about 67 cents a share for Delphi. In November, 2011, Paulson sold a chunk of his holdings for $22 a share. Paulson’s gain totals a billion and a half dollars ($1,499,499,000), and Singer gained nearly a billion ($899,751,000) –– thirty-two times their investment.

One-hundred percent of this gain for the Paulson and Singer hedge funds is accounted for by taxpayer bail-out support.

John Harville

OMG... you forgot Ann Romney's Private Trust made $15,000,000 on the Delphi-to-China deal. Maybe all those complaining Delphi managers need to look closely at whom to blame???

Contango

Good news.

Jeep adding jobs or Honda adding jobs? No comparison.

Just go to JD Power and see that Honda is above avg. on dependabilty and Chrysler is at the bottom.

Which would you rather own; something that you can drive or something that's in the shop?

http://businesscenter.jdpower.co...

eriemom

I believe that Ohioans are thankful for the jobs. Mr. Romney's deceptive advertisements are not helpful to an American company.

Contango

@ eriemom:

So have you bought a new GM or Chrysler recently and helped 'em out?

Fiat has discussed moving Jeep production to Italy. What's the difference?

eriemom

I bought a Ford last Monday during the hurricane. It was built in America.

Contango

@ eriemom:

You commemorated the hurricane with a vehicle purchase?

Good for you! And all the parts are of U.S. origin?

My loaded '12 Nissan Altima 3.5SR V6 and my '04 LeSabre were also "built in America."

mikel

why didn't you support your boy prezo and buy a gm or chrysler???

nonconformist

I've driven a Honda for the past 12 years, will never own anything else for this simple reason (though I do want an older Jeep Wrangler just for summer fun and because I love the style). Everyone always makes fun of my un-Americanism. Wonder if one of those people will be a new employee :)

Contango

@ OMG.LOL.WT_:

Govt. work pays well.

Al Gore is worth an estimated $100M. How'd he do it? He invested in many of those "green" cos. that Mr. Obama subsidized like Johnson Controls who made electric car batteries and then abandoned the business.

No doubt that Mr. Obama's personal fortune will grow once he leave office too - all compliments of the U.S. taxpayer.

The rich are getting richer under Pres. Obama.

OMG.LOL.WT_

Are you saying they did NOT get rich under Bush?

John Harville

@at the risk of getting 'moderated' for repitition... what about the $15million the Romney's made off the sale of Delphi and move to China?

Swamp Fox

Those foreign automakers, like Chrysler now 51% owned by Italian automaker Fiat after the U.S. taxpayers bailed them out... GM sucess, like the $7500 federal tax credit to buy the GM plug in Voit, thanks U.S. taxpayers...

Contango

@ SF:

Pres. Obama wants to raise the tax credit to $10K

I talked to the guys at Nissan. The Leaf is a neat car - but it ain't selling.

GM has been channel stuffing. Cars on dealer lots are at record highs.

http://www.zerohedge.com/news/20...

Kimo

Keep sending the money to Japan.
Take a trip to Oahu Hawaii and see what the Japanese do with some of those profits.

When I mentioned the Chinese threat to America's way of life a couple of years ago, I was called a "racist". Now the Romney people are making the same points I made and it's cool. I don't see any of the SR regulars calling Romney a "racist".

A few years from now, the Japanese will be an "issue" in the political arena.

You can’t keep sending more American dollars out than you are taking in forever, sooner or later you go broke, no matter how much “government” you cut.

Contango

@ Kimo:

Better check which foreign countries are the top purchasers of U.S. debt.

BTW: Japan is in deep trouble demographically. They have a negative mortality rate.

mikel

maybe your "awesome" union workers could do a better job of building automobiles!!! maybe, they could actually earn some of that $40+ per hour. who wants to buy a piece of crap made by uaw workers?

eriemom

Go to work gentlemen. Oh wait. This is your job.

Kimo

If you take "All Government" spending out of the equation.....
You would still go broke when your import dollars are greater than your export dollars.

When expenses are greater than income, it matters little what or where the "expense" money goes, you still go broke.

Contango

@ Kimo:

Govt. spending is about 12% of GDP, good luck with "removing" it "out of the equation.

According to the CIA Factbook, the U.S. as a country remains the second largest exporter in the world. What do you want?

Also, oil adds to our import numbers. Drill, drill, drill.

Mr. Bernanke is trashing the U.S. dollar, it's a race to the bottom.

The U.S. will inflate their way out of debt, leaving everyone poor.

Where are you getting any yield on your investments????

Swamp Fox

Fact Sheet on the GM Bailout:

Both Obama and Romney proposed taking GM through Chapter 11 bankruptcy.

GM went bankrupt. Its shares became worthless and its assets were transferred to a new company, which was called General Motors.

Obama used taxpayer dollars to force through a political bankruptcy that preserved union contracts and pensions, short changed bondholders, and made the unions and the federal government the new owners of GM.

Romney favored a regular bankruptcy that would treat all GM stakeholders fairly. The government would be limited to providing bridge financing backed by GM assets to limit taxpayer exposure.

The federal government remains a major shareholder because it cannot sell its shares without revealing the extent of the taxpayer loss.

The old GM was an ideal candidate for Chapter 11. It had an established brand name, billions of dollars of revenues, and needed restructuring to lower its high labor and pension costs. It would have attracted numerous bidders.

eriemom

"restructuring to lower its high labor and pension costs"

Obama saved 800,000 jobs and the retirement pension of many more. Do you understand that the type of bankruptcy that you advocate for would have liquidated the pension fund to vulture capitalists (Romney's friend and Trust fund manager) and left tax payers holding the bill?

Whaaa. More jobs for Ohio. Say it isn't so....

KURTje

Sheesh. Bring it down wet blanket winnie...Bring it down! Obama will win.

KURTje

Sheesh. Bring it down wet blanket winnie...Bring it down! Obama will win.

Kimo

Re:"This is your job."

I once had a tee that said "Not my job"

LOL

The History Channel has a good series Men Who Built America. I lived some of that "history" when I was a pup. It wasn't pretty and history is repeating itself.

Contango

@ Kimo:

Harvard Historian-Economist Naill Ferguson: History doesn't repeat, but it rhymes.

Wanna see the future of a heavily bureaucratic U.S.? Study the rise and fall of the Soviet Union.

The Progressives think that they're smarter than the 'stupid' Russians. LOL!

KURTje

Server issue S.R. hence double post.....sorry bout that.

grandmasgirl

Who really cares which POLITICIAN is doing what at this moment. You can bet that one of the candidates will take the credit. Maybe the reason that this expansion is happening is because OHIO HAS GREAT WORKERS WHO DO QUALITY WORK!!! Great news!

deertracker

Some of you must eat, breathe, and dream politics. Do you ever get tired of it? There are other things going on in this world. Why not just be happy 200 people will get a job. How can that be a source of contention? Relax, don't panic pooh bear, everything will be okay!

Contango

@ deertracker:

Good morning "Sunshine."

Your lefty buddies brought in the Jeep controversy.

BA: Poli Sci major, History minor. Courses in personal financial planning, economics, but mostly self-educated.

Hope is not a strategy.

John Harville

OH no! But Romney's campaign is base on Hope and Change... hope Americans will be stupid and change the successful plan in place for America's future.

deertracker

Moderators have removed this comment because it contained Personal attacks (including: name calling, presumption of guilt or guilt by association, insensitivity, or picking fights).

Contango

@ deertracker:

Yep! Education = personal power.

If you don't know where you're goin', any road will get you there.

Learn and do what the "one percenters" know - save and invest.

Your pal, Al Gore didn't get his estimated $100M, by not knowing what the boys and girls in DC were planning.

If you're happy where you're currently at in life - good for you. Just make sure that you control your future and don't leave it to others.

Living well is the best revenge. :)

deertracker

I am more of a here and now guy since the future is not guaranteed. My wife and I have lost enough money due to Wall St. so I will prepare for tomorrow but not worry about it. Tell all the unemployed but educated how your education equation works. Knowledge, is the key. Just any education does not necessarily equal power. What REAL power do you have? Power and/or wealth can be one's undoing. Remember that!

John Harville

Onlyl a BS? Obviously.

John Harville

"Money is like manure. You have to spread it around or it smells." Jean-Paul Getty.

John Harville

Money is like manure, Of very little use except it be spread. - Francis Bacon

John Harville

Spreading the wealth to help others live well is the greatest satisfaction. you should try it.

KnuckleDragger

Here is the perfect example of how much our liberal labor unions care about their fellow Americans.
news.yahoo.com/jersey-town-ala-volunteer-utility-crew-don-t-053500307.html

OMG.LOL.WT_

If republicans had their way, there would be NO unions.

Pete

If unions had their way people would wait a month for power and water.

Screw everyone. All they want is dues money.Tax and ratepayers be dayumed.

Train

I owned a couple Mitsubishi's over the last 10 years. Never had a problem with either vehicle. I grew weary of all the "Buy American" comments I would get ad nauseum. So I did buy American 2 months ago. I bought a Honda made in East Liberty, Ohio. Love it!

Mr. D

@contango. . . you are incorrect in your statement about the lefties bringing up the jeep controversey. Suggest you go back to the begining of the comments and see who actually first mentioned it. Why must you fabricate?

Contango

@ Mr. D:

Reads like OCD to me...

Life's too short. Would ya be a sport and lay out the time-line for me?

totallyamazed

.
.
I'll take a shot at the time line of conserv vs lefty.
Nope It wasn't me....response removed
.
.

The Big Dog's back

32 months of private sector job growth without Repub help. Our economy can run without them so why vote for a Repub?

John Harville

"Republicans say 'government is too large'. Well, if they'd get out, it would be a lot smaller." -- Ohio Senator Nina Turner 102812

8ballinthesidepocket

What a dunce you are. Monthly job growth is half what it was under Bush and is caused more by retirements and attrition opposed to anything Obozo has done. USA -the land of moochers and lemmings! I am glad all these Honda jobs are NON UNION!!!!

Kimo

FBI arrest women in Las Vegas that tried to vote twice.....
Romney voter.

sanduskysteve

I wouldn't count either of her votes for that. It's funny the largest voter fraud in this election has been the GOP.

Contango

@ sanduskysteve:

So what make of car do you own?

John Harville

Relevance?

Contango

@ John Harville:

See topic of article.

KURTje

Deertracker; understand 1 oldster labeled me un-hinged. He imo is bitter about his past. He might have even spat on Vietnam vets...who knows? Don't worry though we both have done & experienced many things with our lives. We have done good.

OMG.LOL.WT_

Niemals aufgeben!

KURTje

OMG. LOL. Immer..wie der Werwolf. Hartnackigkeit.

shucks

was ist das ?

John Harville

Hmmm. I thought this was an English-only nation....

KURTje

Fakten und Wahrheit.

mikel

vo ist der bahnhof?

KURTje

Che lenta?

CAST THE FIRST STONE

good job governor john. Making our state look good to outside jobs

John Harville

Romney profited big time with the sale and move of Delphi..."as a new report shows that he and his wife made at least $15.3 million courtesy of Obama’s auto bailout. According to a Greg Palast, who followed the paper trail for the Nation, Romney and his wife made the money via an investment in a hedge fund that saw astronomical returns on its investments in an auto parts maker that would have gone under absent the president’s rescue operation."
So Delphi managers should be picketing Romney instead of Obama for the loss of their pensions. hmmmm?

8ballinthesidepocket

The auto bailout was actually initiated under the Bush administration and was a mistake. Had GM gone through bankruptcy, the salary retires would not have been screwed, the bond holders would have recovered more (but would not have been made whole), legacy costs would have been much reduced making the hurdle rate to sustained profitability much lower. Why did GM need an influx of credit last week, $20 billion? Because they cannot make enough money (profits) to pay their cash needs. They will be back to the govt. feeding trough within three years. The Volt costs more than the selling price. What a joke!

Goodriver

The Romneys have broken no laws, they are living by the rules laid out by our democratic senate and presadent. It just so happens they ate alot smarter than eather. I'd be willingto bet that there is not a person replying here that wouldn't do the same if they only knew how !!

KURTje

Please speak only for yourself gooddriver. Standards, ethics, principles, those never go out of fashion. Few have them though.