Honda Invested an Additional $40 Million on Jet Factory

Honda Motor Co. the producer of high quality auto parts like Honda spark plug wire is to spend approximately $40 million for its first jet aircraft factory. The additional investment will raise the company’s total venture to $100 million as part of the company’s expansion into aviation from manufacturing motorcycles, autos, and engines.Construction had begun on the Honda Aircraft Co. facilities in Greensboro, North Carolina, as announced by Honda.
The initial stage of the project is expected to be finished next year while the first deliveries of Honda Jet will start in 2010. The Tokyo-based company also plans to hire a workforce comprising of 350 people According to Honda’s spokeswoman Alicia Jones in an interview recently, "The factory portion should open by 2009 to allow us to meet our goal of delivering Honda Jets by 2010." She also added that Honda is building the unit’s headquarters at the site.

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