Japanese automaker Honda Motor said on Monday it will invest $3 billion to build a new car plant in central Ohio to produce hybrid cars and create 2,000 jobs. Honda said the plant will have an annual production capacity of 240,000 vehicles and is scheduled to be put into operation in 2029. After production starts, Honda's automobile production capacity in the US will increase to 1.3 million units per year, and the total production capacity in North America will increase to 1.9 million units.

Japanese automaker Honda Motor said on Monday it will invest $3 billion to build a new car plant in central Ohio to produce hybrid cars and create 2,000 jobs. Honda said the plant will have an annual production capacity of 240,000 vehicles and is scheduled to be put into operation in 2029. After production starts, Honda's automobile production capacity in the US will increase to 1.3 million units per year, and the total production capacity in North America will increase to 1.9 million units.