Guangqi Honda begins construction of a third production line and an engine plant at its ZengCheng facility in Guangzhou, China. Guangqi Honda, a 50-50 joint venture between Guangzhou Auto Group and Honda, estimates the total cost of the project at RMB3.6 billion ($580.5 million). The new assembly line, scheduled to launch in 2015, will have initial annual production capacity of 120,000 units and can be expanded to double that number. When it becomes operational, Guangqi Honda’s ...

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