Honda Motor Eyes First New North American Factory in Nearly 20 Years With $2.5 Billion Ohio Hybrid Plant:

Honda Motor is reportedly in advanced talks to build a hybrid vehicle plant in the U.S., with an investment estimated between 300 billion and 400 billion yen (about $1.8 billion to $2.5 billion). Ohio is a possible location, according to Nikkei Asia, and Honda would aim to start production by 2030 if negotiations succeed. The project would mark Honda’s first new North American factory in nearly 20 years. The timing and final go-ahead depend on state subsidy discussions, adding uncertainty. The move aligns with rising demand for fuel-efficient hybrids in the U.S., where gasoline prices have climbed amid the U.S.-Iran war.