Official: Honda invests $470 million for new transmission plant in Mexico

Filed under: Plants/Manufacturing, Honda

Honda has announced that it has made an initial investment of $470 million to build a brand new transmission plant in Ceyala, Mexico. For those keeping track, this is the same city that will also house Honda’s new automobile manufacturing facility, which will begin production of the Fit compact beginning in the spring of 2014.

This new transmission plant is expected to come online in the second half of 2015, with an annual production capacity of 350,000 units, though that number is expected to double in the years following the plant’s opening. With a 700,000-unit production capacity, Honda says a full 1,500 new associates will be hired at the Mexican plant.

Honda will specifically use this new transmission plant for the production of CVTs for automobiles built in Mexico, as well as for cars produced in facilities around the world. It stands to reason, then, that since the next-generation Honda Fit will be built right around the corner from these new CVTs, the small hatchback – which is expected to grow into a full family of vehicles – could be fitted with continuously variable units in the future.

Scroll down for Honda’s full press release.

Continue reading Honda invests $470 million for new transmission plant in Mexico

Honda invests $470 million for new transmission plant in Mexico originally appeared on Autoblog on Fri, 03 May 2013 18:29:00 EST. Please see our terms for use of feeds.

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