Honda Motor Co., Ltd.
) achieved two production milestones in the U.S. recently. The
company completed the production of 20 million vehicles in the
nation on Mar 20. The 20 milllionth vehicle was also the 10
millionth Honda Accord built in the U.S.
The milestone was achieved in Honda's Marysville Auto Plant,
which was incidentally the plant in which the automaker made the
first U.S.-built Accord on Nov 1, 1982. It also holds the honor
of being the first Japanese auto plant to begin manufacturing in
Honda has three other plants in America in East Liberty, OH,
Lincoln, AL and Greensburg, IN. It is building another one - the
Performance Manufacturing Center - in Marysville, OH, which will
be the sole global producer of the new Acura NSX from next year.
Additionally, Honda produces engines in Lincoln, AL, and Anna,
OH, and automatic transmissions in Russells Point, OH, and
Tallapoosa, GA, to supply to its four auto plants.
All the four present auto plants in America contributed to the
production of 20 million vehicles. These plants manufacture 11
car and truck models for Honda. Annual production of these plants
in 2013 was 1,309,917 units, a record high and a 7.4% improvement
over 2012. Additionally, the company manufactured 23.77 million
automobile engines and 18.64 million transmissions in the
Currently, shares of Honda retain a Zacks Rank #2 (Buy). Some
other automobile stocks worth considering are
Tata Motors Limited
Tesla Motors, Inc.
). Tata Motors and Daimler sport a Zacks Rank #1 (Strong Buy)
while Tesla is a Zacks Rank #2 stock.
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