Honda has announced that it will open a new plant in Mexico, where it will build Fits and other vehicles. The company projects that the new facilities in Celaya, Guanajuato, will have an annual capacity of 200,000 units. The plant will begin operation in 2014 with production of the company’s popular subcompact model.
“Considering the needs of the Mexican market, which is expecting continued growth in the future, and also serving as a global production base for the North American region and beyond, we decided to make the Fit the first product to be produced here,” said Honda CEO Takanobu Ito.
Currently, the Fit is built in Japan. But with the yen’s rising foreign exchange rate against the dollar and euro, Honda is producing more and more vehicles outside the country. In January, Honda announced that it would build the Acura NSX sports car at a new plant in Central Ohio.
In an interview with Automotive News, Honda executive Rick Schostek stated that in the coming years, more than 90 percent of Honda and Acura models sold in the U.S. will be built in North America.