A report says Honda will spend $3 billion on a new Ohio plant

A report says Honda will spend $3 billion on a new vehicle assembly plant near Marysville, Ohio. The report, published Monday at 12:10 p.m. AST, says the automaker announced the plan that day. Production is expected to begin in 2029. The report says the new factory sits near Honda's other Marysville facilities, and that hybrids have been growing in popularity in the United States. It does not name a contractor. The report does not give a groundbreaking date.

The plant is aimed at hybrids, and it can build other powertrains. The report says the factory will be able to make gas-powered vehicles and electric vehicles as well. It puts annual capacity at 240,000 vehicles and says the project is expected to create more than 2,000 jobs. It says the plant would lift Honda's U.S. light-duty capacity to 1.3 million vehicles a year.

It would be Honda's first new U.S. mass-production assembly plant since Indiana in 2008. The report says Honda already has 12 manufacturing plants in the United States, and that eight of them make engines or automobiles. It also says nearly all Honda and Acura vehicles sold in the U.S. are built in North America, and that more than 60 percent are built in the United States.

The same report says Honda in May suspended an $11 billion Canada plan. That plan covered electric vehicles and batteries, and the report says Honda also canceled three planned U.S. electric models. It does not give a new date for that Canada work.