New Honda plant part of corporate vision for improved safety, environmental performance
TORONTO, ONT-Honda Canada's planned new engine plant, to be built near its existing manufacturing facilities in Alliston, Ontario, is part of Honda's "2010 Vision" for North American automobile operations, says the company. The $154-million facility, announced May 16, is scheduled to open in 2008. The "2010 Vision" is a long-term corporate initiative that includes advancing environmental and safety technologies through a commitment for the future. As part of this commitment, Honda also plans to introduce a new hybrid car in North American in 2009, plus a new four-cylinder diesel engine within the next three years. Based on the successful direct injection diesel engine technology already available in Europe, the new engine will meet the U.S. EPA's stringent Tier 2 BIN 5 emissions standards, says Honda. At the same time, the company will pursue a number of technological initiatives to improve its Corporate Average Fuel Economy (CAFE).