Showa Corp., a Honda supplier that operates a plant in Sunbury, has agreed to pay a nearly $20 million criminal fine related to a federal price fixing charge.
Honda says the turbines are expected to provide about 10 percent of the plant’s electricity and help reduce carbon dioxide emissions.
New figures from the Small Business Administration and a survey by an accounting firm show manufacturers feeling good about their future.
A not-for-profit organization targeting insurance fraud and vehicle theft says large Chevrolet pickup trucks were the type of vehicle most reported stolen in Ohio last year and were ranked fourth on the national list.
The auto maker says its net profits for the first quarter of its fiscal year slipped seven percent, bu sales grew in nearly every region of the world in the same period.
The reincarnated Acura NSX is expcted to hit showrooms in 2015 and will be built at a former Honda facility near the existing Marysville Auto Plant.
Honda is moving its North American headquarters from California to Marysville. That’s just the latest bit of good news for the Buckeye State and Honda, whose fortunes have been closely tied for decades now.
Honda says it will start building a new hybrid Accord sedan at its plant in central Ohio this year.
30 years ago this month, Honda became the first Japanese auto-maker to start production on U.S. soil. Its conversion of an Ohio cornfield into a factory chugging out waves of Honda Accords was seen as both revolutionary and foolhardy. Honda has survived and prospered, but lately it has come under increasing pressure in a tightening race for the top slot in midsize sedans.
The auto manufacturer that employs about 13,000 people in Central Ohio says it’s on pace to top 2011 production by 75 percent and could build as many as 1.7 million vehicles this year.