Honda Motor Plans to Invest $3 Billion in New Ohio Auto Plant, Expand US Hybrid Production Network

11:55 AM EST, 11/09/2026 (MT Newswires) -- Honda Motor (HMC) plans to invest $3 billion in a new auto factory in Ohio and operation expansion at other US facilities. The new factory, located on land between the company's existing East Liberty and Marysville auto plants, has a planned capacity of 240,000 vehicles a year, with production expected to begin in 2029. Investments at facilities in Ohio, Alabama, and Georgia will expand production of hybrid-electric vehicles, engines and hybrid systems, Honda said Monday in a statement. The new Ohio plant is expected to create more than 2,000 jobs and raise total auto production capacity to 1.3 million vehicles a year, the company said. Honda also plans updates and retooling of production operations in Alliston, Ontario, in Canada. Price: 35.66, Change: -0.12, Percent Change: -0.34