Honda to build New Engine Plant in Canada

The automaker said Wednesday that it will invest $154 million in a new engine plant in Alliston, Ont., as the company bulks up its North American production to meet strong demand.

This will be the third Honda manufacturing facility operating in Ontario, creating 340 new jobs locally.

"Honda proudly contributes a third manufacturing plant to Canada," said Honda Canada Inc., president and chief executive officer,  Hiroshi Kobayashi. "Today's announcement supports Honda's global strategic manufacturing focus of bringing manufacturing and sales operations to the local market to better respond to customer needs."

The new engine plant will produce approximately 200,000 four-cylinder engines a year.

Honda's already has two existing Alliston assembly plants, which employ about 4,300 people and can produce 390,000 vehicles a year.

At full capacity, the new engine plant will produce approximately 200,000 four-cylinder engines a year.