Honda to Build New Automobile Plant in Mexico for Production of Subcompact Vehicles, Starting in 2014

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Honda de Mexico, S.A. de C.V., (HDM), Honda's production and sales company in Mexico, today announced that it will build an automobile plant for production of fuel-efficient subcompact vehicles for the Mexican and North American markets. Honda will invest approximately US$800 million to build the plant, which is scheduled to begin operation in 2014.