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Honda invests £267m in Swindon UK plant
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by liamssoft | September 5, 2012 at 11:49 pm
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Japanese car maker Honda is to invest £267m at its UK plant in Swindon as part of a plan to nearly double output.
The site is expected to produce 183,000 cars this year, with output forecast to rise to 250,000 within three years.
Approximately 500 workers have been recruited this year in the company's biggest single UK investment programme for a decade, raising the total workforce to 3,500.
Honda said Swindon remained the "cornerstone" of its European business.
The additional money will support the introduction of its new Civic and CR-V car models as well as a new 1.6 litre diesel engine.
Despite the expansion, many car makers in Europe are struggling with overcapacity and falling sales.
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Source: bbc.co.uk
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