Honda to Invest $98 Million in Ohio Engine Plant

Honda says it will invest $98 million in its Anna, OH, engine plant to build its next-generation powertrain technologies.

The move is aligned with a $120 million investment, announced last year for the production of a new continuously variable transmission at Honda’s Russells Point, OH, facility.

The Anna plant will make high-tech pulley components for the new CVT, which the auto maker says is part of its “Earth Dreams” powertrain-technology lineup, set to be deployed for the first time in the U.S. in the ’13 Honda Accord.

Earth Dreams technology defines Honda’s next-generation engine and transmission strategy designed to advance fuel economy and performance.

The CVT will be built on a new assembly line at Russells Point. The facility’s expansion, combined with the pulley-component production at the Anna Plant, will create 150 new jobs, the auto maker says.

Honda has announced investments exceeding $500 million in its two assembly plants and two powertrain facilities in Ohio since November 2010.