TOKYO -- Honda Motor announced Monday that it has spent $267 million to begin turning out its new midsize Accord sedan at two plants in the U.S. state of Ohio.
The automaker will introduce a highly efficient production system in conjunction with the first overhaul in five years of its main model in North America. Honda hopes to give a boost to the sluggish U.S. market with the revamped Accord.
The company has spent $220 million on welding robots and other equipment at its automotive body shops, and $47 million on engine plants. The automaker will add 300 jobs to roll out the new Accord.
The car, which has a new design and is equipped with advanced technologies such as in-car Wi-Fi, is the 10th iteration of the Accord.
Previously Honda's hybrid cars were shipped from Japan, but the new Accord will be built at the two plants in Ohio. The gasoline-powered version comes equipped with a 1.5- or 2-liter direct-injection turbocharged engine.