Global edition
Market data — delayed ~15 min · Last updated: November 9, 2026, 8:45 pm CST
S&P 5007,549.94+2.35%Nasdaq 10027,907.63+3.40%Dow Jones52,389.75+2.15%Shanghai Comp3,673.37+0.34%Nikkei 22560,475.78+2.89%FTSE 10010,782.90+1.02%DAX26,267.19+1.73%CAC 408,233.30+1.16%Hang Seng24,521.54+0.30%ASX 2009,131.50+1.13%Sensex81,106.65+0.10%
← Back to briefing Global edition · Corporate America
Corporate America

Honda to Build $3 Billion Auto Plant in Ohio, Creating More Than 2,000 Jobs

Honda will invest $3 billion in a new central Ohio auto plant creating more than 2,000 jobs and capacity for 240,000 more vehicles a year, with production expected to begin in 2029 as the automaker expands U.S. hybrid production.

2 min read

Honda Motor Co. said on Monday, November 9, that it will invest $3 billion to build a new auto plant in central Ohio, creating more than 2,000 new jobs and adding capacity for 240,000 more vehicles a year, as the Japanese automaker expands production of hybrid vehicles in the United States. The plant will be built on land between Honda’s existing East Liberty and Marysville auto plants and is expected to begin production in 2029, pending final government approvals, according to the company’s announcement.

The facility will be Honda’s fourth auto plant in Ohio and its ninth auto-related production facility in the United States. Honda said the plant’s lines will be flexible enough to build hybrid and gasoline-powered vehicles as well as battery-electric vehicles, and that the added capacity will raise the company’s U.S. auto production capacity to approximately 1.3 million vehicles a year and its North American capacity to approximately 1.9 million. Honda described the plant as one of the most advanced in the world when it opens, with leading-edge automation and flexible production systems.

The new plant is the largest piece of a wider North American investment program announced the same day. In Ohio, the company’s transmission plant has begun retooling to build two next-generation hybrid systems, which Honda said will increase its Ohio hybrid system production capacity by 250 percent, and the Anna Engine Plant is retooling a line for a next-generation four-cylinder engine. The Alabama plant will add a new V6 hybrid engine, the Georgia transmission plant will build hybrid systems for larger vehicles, and the Alliston, Ontario, plant will be retooled for next-generation models.

The expansion is built around hybrid demand, which moves in part with fuel costs, as what drives oil prices in our library explains. Honda said in May 2026 that it plans to introduce 15 new Honda and Acura hybrid models globally by 2030, with North America expected to be the primary market for many of them. Reuters also reported the Ohio plant and Honda’s planned investments in Canada and in Ohio, Georgia and Alabama. Bob Nelson, executive vice president of American Honda Motor Co., called the investments among the most significant commitments in the company’s history.

Honda has manufactured in North America for nearly 50 years and began U.S. automobile production in 1982 at Marysville. The company said nearly 99 percent of the Honda and Acura vehicles it sold in the United States in 2025 were made in North America, and that its cumulative investment in North American manufacturing exceeds $28 billion. Readers can follow further plant, deal and leadership announcements on our Corporate America desk.

Educational coverage — not tax or investment advice.

The Global Close, in your inbox

Markets, briefed. What moved, why it matters, and what to watch next — every weekday morning. Free.

See Market Briefer first in Google

Add to Preferred Sources
Financial disclaimer: This article is for information and education only. It is not investment, legal, tax or accounting advice and does not recommend any transaction. Market data is delayed by approximately 15 minutes.