Hitachi and Honda announced the merger of Hitachi Automotive Systems with Honda-affiliated Keihin, Showa, and Nissin Kogyo. Hitachi will hold 66.6% and Honda 33.4% of the combined company, creating Japan's third-largest auto parts supplier with sales of about ¥1.8 trillion.
Hitachi Automotive Systems, Keihin Corporation, Showa Corporation, and Nissin Kogyo Co., Ltd. announced a management integration. The notice was released on October 30, 2019.
Honda Power Equipment Mfg. is investing $46.4 million to expand its Swepsonville, North Carolina plant, adding a 135,000 sq. ft. parts storage area and a production line for the new GCV general-purpose engine. Production of the new HRN lawn mower begins in September 2019.
Honda is investing $54.8 million to expand its Talladega County factory in Lincoln, Alabama, adding over 50,000 square feet to its Line 2 operations. The project is expected to be completed in early 2021.
Pressmark Pressings secured more than £2 million of additional contracts to supply pressed parts and sub-assemblies for new models from Honda and Nissan, one year after a management buy-in.
Honda Manufacturing of Alabama announced an $85 million investment for the first phase of a multi-phase project to improve vehicle manufacturing flexibility and logistics at its Lincoln, Alabama facility. Construction is expected to be completed in 2018.
Fukoku America is spending $13.9 million on new machinery to boost production of CV joint boots and rack and pinion boots at its Laurens County plant. The expansion will add 65 jobs over four years and enable the plant to supply Honda directly as a Tier 1 supplier.
| Site | Largest | Latest |
|---|---|---|
| Lincoln, United States | $54.8M | 2018-07-23 |