September 07, 2012

Honda announces £267-million investment programme in Swindon plant

Honda marks the launch of the new CR-V model as part of a £267-million investment programme into new models and engines at its Swindon, UK plant. This is the single biggest investment into Honda's UK manufacturing base in over a decade.

By the end of the
year, production at the Swindon plant is forecast to have doubled on last year's figure, up to 183,000 units. Honda aims to increase that figure to 250,000 units per year, within 3 years.

This announcement is also good news for the UK balance of trade with 60 per cent of the production going for export. Honda's Swindon plant produces cars and engines for over 60 countries around the world, including Europe, Middle East, Africa and Australia.

"This multi-million pound investment by Honda in its twentieth year of car production in the UK is great news for Swindon and the automotive sector. Having created a host of new jobs, the investment supports Government's ambition to encourage new investment and exports as a route to renewed growth and a more balanced economy," said Business Secretary, Vince Cable.

Dave Hodgetts, Managing Director of Honda UK added, "This investment programme underpins Honda's commitment to manufacturing in Britain and to our UK workforce. It also reaffirms the Swindon plant's position as the cornerstone of Honda's European operations, as it has been for over 20 years."


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