Honda to build assembly plant in Indiana

A $550 million Honda Motor Co. assembly plant will help the Japanese automaker meet a growing North American hunger for its cars and help invigorate a state hit hard by manufacturing job losses. Four other states - Ohio, Michigan, Wisconsin and Illinois - vied for the plant and its 2,000 jobs, but Indiana, which has lost 98,000 industrial jobs since 2000, persuaded the company to build on 1,700 acres west of Greensburg. An automotive plant typically generates jobs at supplier plants. Retailers and restaurants will also benefit from workers spending their earnings.

Honda's Kondo was enthusiastic about the company's first Indiana plant and noted that all drivers in this year's Indianapolis 500 used Honda engines. "I'd like to point out that there was not one engine failure in the race," he said. "With the racing spirit in mind, today I am happy to be able to say, 'Honda and Indiana, start your engines.'"

Honda and its larger rival, Toyota Motor Corp., have been rapidly expanding their North American manufacturing capacity to keep up with demand even as U.S. automakers General Motors Corp. and Ford Motor Co. are cutting thousands of jobs and closing plants as their market share declines.

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