Gold Falls Below $4,000 as Strong Dollar and Fed Rate Hike Expectations Weigh on Prices 
SK Hynix Targets $29.4 Billion Nasdaq Listing to Expand AI Chip Business 
SK Hynix Moves Closer to New York ADR Listing Amid AI Chip Boom 
Nomura Stock Upgraded to Buy by BofA as Stronger ROE and Earnings Growth Boost Outlook 
OpenAI May Delay IPO to 2027 Amid $1 Trillion Valuation Goal 
OpenAI IPO Delay Weighs on SoftBank Shares as AI Valuation Concerns Grow 
Apple Supplier Stocks Slide as Samsung, SK Hynix Lead Selloff After Apple Price Hikes 
Alibaba Shares Fall After Anthropic Alleges Massive AI Model Distillation Campaign 
Micron Stock Surges on Strong AI Demand, Record Revenue, and Bullish Q4 Forecast 
Amazon Prime Day 2026 Sales Top $26.4 Billion as Shoppers Chase Discounts Amid Inflation 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
Fortescue Faces Class Action Over Sexual Harassment Claims at Australian Mining Sites 
Australian Household Spending Rebounds Strongly in May as Travel and Dining Drive Consumer Growth 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
Oil Prices Drop as Strait of Hormuz Shipping Recovers 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
Honda Motor Company is transferring the production of its Accord models to Indiana, which means it is leaving Ohio after four decades. The automaker said that its move to a new home is part of its plans to shift to electric vehicle production.
Honda said earlier this week that its Accord models would no longer be produced in Marysville, Ohio. This plant has been in operation since 1982, and as the company is pushing for an EV shift, the production is set to be transferred to its Auto Plant in Greensburg, Indiana, in 2025.
As per Fox Business, the Accord units were the second best-selling model at Honda last year, with its CRV SUVs ranking first. The automaker’s Marysville plant was the first-ever facility that Honda Motor established in the United States. To date, it has reportedly produced more than 12.5 million Accords since the start of its operation.
Honda Motor has been taking steps to reach its goal of shifting to EVs. For starters, its internal combustion engine (ICE) and hybrid vehicle production will be combined to form just one assembly line. This move will help the company reorganize its facility to prepare for EV production in early 2024.
“As part of the EV Hub in Ohio, Honda will transform its Marysville Auto Plant (MAP), East Liberty Auto Plant (ELP) and Anna Engine Plant (AEP), leading to the start of EV production in North America,” Honda said in a press release.
The company added, “This EV Hub will play a key role in developing the company’s knowledge and expertise in EV production that will be shared across Honda’s entire North American auto production network in the coming years, even as many Honda plants continue production of gasoline-powered vehicles.”
Meanwhile, Reuters noted that Honda Motor’s move to Indiana comes after the company and South Korea's LG Energy Solution announced last year they are planning to build a new battery plant in Ohio as part of their $4.4 billion joint venture deal.
Photo by: Cody Campbell/Unsplash
