MARYSVILLE, OH—Honda Motor Co. will invest $215 million in engine assembly plant in Anna, OH, and its vehicle assembly plant in Marysville, OH. These new investments bring to nearly $2.7 billion the amount Honda has invested in its North American operations in the last three years.
NORTH CHARLESTON, SC—Auto parts supplier Weber Automotive will build $51 million assembly plant here. The facility is expected to employ 84 people over the next four years.
LUDWIGSHAFEN, Germany—BASF plans to spend millions of euros to develop new thermoplastic and thermoset composites for lightweight vehicles. The company predicts OEMs can reduce vehicle weight by up to 220 pounds by using short-fiber-reinforced plastics in seats, oil pans, cross beams, air intake manifolds, engine mounts and structural inserts.
TRAVERSE CITY, MI—Americans are keeping their cars and trucks longer than ever. The average age of cars and trucks on U.S. roads hit a record of 11.4 years in January.
FULTON, KY—Kayser Automotive Systems will spend $17.5 million to build an assembly plant here. Expected to employ 121 people, the facility will produce parts for engines and fuel tanks.
WASHINGTON—New orders for manufactured goods increased $7.6 billion (1.5 percent) to $496.7 billion for June, according to Commerce Department. It marks the fourth increase over a five-month period, and it’s the highest level of new orders recorded since data was first collected in 1992.
INDIANAPOLIS—Indiana has become the second-biggest state in terms of automotive gross domestic product, according to the U.S. Bureau of Economic Analysis.
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