Booming Honda Expands in Japan and North America
RENEE MONTAGNE, host:
Another Japanese automaker is in the news today. Honda has announced plans to build new plants in the U.S., Canada, and Japan, as part of an ambitious strategy to boost global production. The move comes at a time when the company is predicting an increase in annual sales to 4.5 million vehicles a year by 2010.
Honda says the U.S. plant will employ 1,500 workers, but the automaker did not say where it would be located. Honda currently has two plants in Ohio and one in Alabama.
Last year, Honda sold 3.4 million vehicles worldwide.