....meanwhile, Honda dedicates a new plant in Indiana (and other auto news)

Danny Tse

Wow!! Honda opens new auto plant in Indiana....

GREENSBURG, Ind. -- Honda Motor Co. officials dedicated the company's new southern Indiana plant, which has been producing cars for about a month. Honda executives and state officials held a ceremony Monday at the plant in Greensburg, about 50 miles southeast of Indianapolis. Nearly 900 people work at the plant, where the first Honda Civic was driven off the assembly line Oct. 9. The $550 million plant is expected to ultimately produce 200,000 vehicles annually and have about 2,000 workers at full capacity.

and GM sells stake in Suzuki....

TOKYO -- Cash-strapped General Motors Corp. will sell its entire stake in Suzuki Motor Corp. for $230 million, the automaker's latest move to stay afloat while awaiting a decision on government aid for the industry. Suzuki said Monday it would buy back the 3.02 percent stake from the American auto giant, which is seeking a $25 billion government lifeline, together with Ford Motor Co. and Chrysler LLC , to weather the deepening economic crisis. Suzuki said GM's stake sale was necessary for the ailing American automaker to raise capital, but the Japanese company insisted it would continue a business partnership with GM. "We fully understand the necessity for GM to raise cash," Suzuki chairman and chief executive Osamu Suzuki said in a statement.

Kex

I understand that Ford just sold a huge stake in Mazda also ... and Volkswagen is building a new plant somewhere in the U.S. also.

exalted512

Heard the same thing Kex.

Some companies are doing something right.
-Cody

fatchowmein

I heard there are 7,000+ GM dealerships in the U.S. Honda has 2,000 while Toyota has 1,500.

mantis

i hope something good comes out of this for the american people