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Old 28 Jun 2006, 10:17 am
N.E.Ohio Bob
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Default New Honda Plant

Is the new plant going to be 50 miles S.W. of Indy? Will they use
engines from the Ohio plant? Will they make a BUNCH of the new 'Fit'?
bob
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Old 28 Jun 2006, 12:45 pm
Elle
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Default Re: New Honda Plant

This an icebreaker?

I see the news report. Makes me joyous, since I finally
bought some Honda stock about a week ago. Short term
position, buttressed by the floundering GM and Ford but with
some doubt on my part that the auto industry is prudent for
the long term.



"N.E.Ohio Bob" <rgstroud@neo.rr.com> wrote
> Is the new plant going to be 50 miles S.W. of Indy?


Greensburg Indiana, about 50 miles SE of Indy.

> Will they use engines from the Ohio plant?


Why yes. Anna Ohio.

> Will they make a BUNCH of the new 'Fit'?


What, and destroy the profits the dealers evidently are
making (by all the sobbing reports here) by keeping the
supply of the Fit so low?

Supposed to be a 4-cylinder plant.

Excerpts from the AP's report today:
---
"We believe that the great state of Indiana has what we need
to continue ... success: an outstanding community of people,
excellent transportation systems and the necessary
infrastructure to support industry," said Koichi Kondo,
president of American Honda Motor Co. [The Japanese are a
kind people.]

[Kondo] said he has been to Indianapolis many times as all
drivers in this year's Indianapolis 500 used Honda engines.
[Really? How odd. That seems lilke more than coincidence.
Maybe I'll buy more HMC stock.]

"I'd like to point out that there was not one engine failure
in the race," Kondo said. "With the racing spirit in mind,
today I am happy to be able to say, 'Honda and Indiana,
start your engines.'"

....

Honda this spring collected options on land near Greensburg,
a community of 10,500 people 50 miles (80 kilometers)
southeast of Indianapolis, offering to buy property at 75
percent more than its assessed value. The deal included a
$6,000 (euro4,773) signing bonus to landowners who agreed to
sell, regardless of whether the land was used. [My stock
dollars at work?! I could have had this hoosiers moved out
at 75% //of// the assessed value!]

---



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