Employees at Honda’s Indiana Auto Plant in Greensburg are among those who will qualify for raises.
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Subaru CEO Atsushi Osaki told reporters during a meeting in Tokyo that Indiana could become the next location of an electric vehicle production site, Reuters reported.
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The CR-V Hybrid will be introduced in early 2020 and will be the company’s first electrified sport-utility vehicle in the United States. It is part of Honda’s larger plan to apply its two-motor, hybrid-electric system to all of its core U.S. models in the coming years.
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This multiyear announcement extends Chevrolet’s participation in IndyCar, where it has won nine of 14 championships since returning to the series in 2012. Honda began IndyCar competition in 1994 and has been an engine supplier for over 30 years.
Honda said Tuesday that electric vehicle sales were slowing in the U.S., prompting the automaker to scrap its previous goal for EVs to be 30% of its global vehicle sales by 2030.
The president may have been referencing earlier reports that the Japanese automaker was planning to move some production from Mexico to Indiana in response to impending tariffs.
The next-generation Civic hybrid was set to be produced in Guanajuato, Mexico, in 2027, according to Reuters, but will now be based in Indiana beginning in 2028.
The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors Corp. also had agreed to join the talks on integrating their businesses.
The agency said in documents posted on its website Monday that connecting rod bearings on vehicles with 3.5-liter V6 engines can fail, leading to complete engine failure.
The trip will mark Gov. Eric Holcomb’s third visit to Japan and 16th international trip as Indiana governor.
Honda is gearing up for an electrification shift in North America with two models developed with General Motors going on sale next year and a bigger EV with a new platform in 2025, a year earlier than initially announced.
The move of Accord production to Greensburg comes as Honda prepares for the production of electric vehicles and components primarily at facilities in Ohio.
Honda had also considered Indiana for the $3.5 billion plant, which is expected to employ 2,200 people when completed.
The company had been expected to choose either Ohio, where it has a plant in Marysville, or Indiana, where it has a plant in Greensburg, for the battery factory. It announced Ohio as the location on Tuesday.
Efforts in North America will focus on the collaboration with General Motors Co., under which Honda Motor Co. is jointly developing two midsize to large EV models, set for sale in 2024.
The plan is to have an electric vehicle that is priced lower than the upcoming Chevrolet Equinox EV. GM plans to roll out an electric Equinox small SUV next year with a starting price of around $30,000.
Production has started on a new car model at Honda’s factory in southeastern Indiana. Honda executives, workers and several state officials marked the start of mass production for the 2022 Civic Hatchback at the Greensburg plant during a ceremony this past week. The new Civic Hatchback becomes the third type of vehicle produced at the […]
The company said it plans to phase out all of its gasoline-powered vehicles in North America by 2040, making it the latest major automaker with a goal of becoming carbon neutral.
The closures involve six plants in the United States, Canada, and Mexico, including the company’s Indiana plant in Greensburg.
The plant employs 2,500 people—plus another 500 in a pool of temporary production workers whose numbers fluctuate depending on the company’s needs—and pays millions in taxes annually to state and local government.
The companies will collaborate based on GM’s next-generation battery system, both sides said, mainly for the North American market.
The automaker will debut a prototype of the 2019 Honda Insight at the North American Auto Show on Jan. 15. Manufactured in Greensburg, the high-end hybrid is set to hit the market next summer.
Andretti has captured three IndyCar Series championships with Honda engines—in 2004, 2005 and 2007—as well as five Indianapolis 500 victories.
