European Stocks Rise as Markets Await Key U.S. Inflation Data 
UPS MD-11 Crash Prompts Families to Prepare Wrongful Death Lawsuit 
IKEA Expands U.S. Manufacturing Amid Rising Tariffs and Supply Chain Strategy Shift 
OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Tesla Faces 19% Drop in UK Registrations as Competition Intensifies 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
IKEA Launches First New Zealand Store, Marking Expansion Into Its 64th Global Market 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
YouTube Agrees to Follow Australia’s New Under-16 Social Media Ban 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Anthropic Reportedly Taps Wilson Sonsini as It Prepares for a Potential 2026 IPO 
Amazon Italy Pays €180M in Compensation as Delivery Staff Probe Ends 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
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
