SAO PAULO – Honda Motor Co. Ltd. says it plans to invest $100 million to build a new plant in Argentina that will produce a compact car expected to enter the market in 2009. The move marks the Japanese auto maker’s third manufacturing facility in Latin America, following Brazil and Mexico. “To expand more in the region, it was decided to install the factory in Argentina,” says Sho Minekawa, head of Honda’s South American operations. Projected production of 30,000 cars annually is ...
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