Honda to spend $560 mln on new car, engine plants in China

TOKYO, Apr 23: Honda Motor Co said on Monday it will spend 46 billion yen ($560 million) to build a new car and a new engine plant in China.
The Japanese automaker said it plans to start construction of the plants by the end of this year and aims to have them operational in 2014.
The car assembly plant will have an initial annual production capacity of 120,000 vehicles, that will later be raised to 240,000 vehicles, Honda said. (agencies)