Thursday, 6th September 2012
In Business In Japan,
Japanese automaker invests £267m in Swindon plant
A major Japanese automaker is helping to restore the UK economy by injecting £267 million into its plant in Swindon.
Honda announced today (September 6th) that it has recruited 500 new employees to help increase production from 183,000 units this year to 250,000 by 2015.
This will bring its total workforce to 3,500, with business secretary Vince cable describing the investment as "great news" for the Wiltshire town.
According to the car manufacturer, 60 per cent of produce will be used for export across more than 60 countries including those in Europe, the Middle East and Australia.
"[This] reaffirms the Swindon plant's position as the cornerstone of Honda's European operations, as it has been for over 20 years," said Dave Hodgetts, managing director of Honda UK.
This marks the largest investment Honda has made in the British automotive sector in over ten years, which is supporting the launch of its new CR-V model this month and its 1.6 litre diesel engine for the Honda Civic in December.
Posted by Mark Smith