Acura MDX To Be Built In Alabama To Offset Rising Yen
Published: November 23rd, 2011
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Honda announced today that they would use excess capacity at their Alabama plant following a $300 million investment in the facility. The investment will allow for a total of 340,000 units anually.
Rising exchange rates are forcing Honda to devote more resources to North American production while reducing exports. Honda will shift their Acura MDX luxury SUV to the plant from their Canadian factory in Ontario, and use their Ontario plant to produce the 2012 Honda CR-V crossover.
[Source: Reuters]
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