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Honda raised its full-year profit forecast in a mixed set of results that showed the lingering fallout of its ill-timed bet on electric vehicles
Honda FY Guidance:
- Sees FY Global Car Sales: 3.16M Cars (prev forecast 3.39M)
- Sees FY North America Sales: 1.735M Cars (prev forecast 1.705M)
- Sees FY Asia Sales: 585,000 Cars (prev forecast 815,000)
- Assumes Average FY Dollar Rate: ¥156 (prev forecast ¥155)
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Honda is investing $3 billion in a new auto plant in central Ohio, a project expected to create around 2,000 jobs.
The facility will focus on hybrid vehicle production, with capacity to build up to 240,000 vehicles annually.
Production is expected to begin in 2029.
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Honda plans to build a $3 billion factory in central Ohio to manufacture its next-generation hybrids, boosting its output capacity for the popular vehicles
Honda to invest $3 billion in new vehicle assembly plant in Ohio
Honda To Invest $3B In New Vehicle Assembly Plant In Ohio – @CNBC
Honda's European chief said the Japanese carmaker may rebuild a manufacturing presence in the region
HONDA, NISSAN IN TALKS ON EV BATTERY COLLABORATION – NHK
Honda warns 50% Canada auto tariffs would be catastrophic for auto industry
