A sign is seen outside the Honda manufacturing plant in Swindon, western England January 30, 2009. REUTERS/Stephen Hird
TOKYO
(Reuters) - Honda Motor Co said on Tuesday it would spend more than 200
million pounds to upgrade its UK plant, turning it into a global
production hub for the next-generation five-door Civic.
In
a move that secures the medium-term future of the under-utilised
factory in Swindon, Japan's No.3 automaker said it would invest in
advanced production technologies and processes, bringing cumulative
investment in the plant to more than 2.2 billion pounds.
The
new five-door Civic to be produced there would be sold in Europe as
well as exported to other markets. As it produces more Civics,
production of the next-generation CR-V crossover would be moved to its
factory in Ontario, Canada, for export to Europe, it said.
The Swindon plant has the capacity to produce 250,000 cars per year, and built just under 120,000 cars in 2014.
(Reporting by Chang-Ran Kim; Editing by Chris Gallagher)
Culled from Reuters
No comments:
Post a Comment