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Honda plans a $3 billion hybrid plant in Ohio.

The planned $3 billion factory in central Ohio would be Honda’s first new American plant in two decades. It is intended to make the company’s next-generation hybrids, the vehicles the Financial Times says Honda is counting on for growth. The paper also reports Honda’s target to increase annual output to 1.3 million vehicles, without specifying the scope of that figure. The Ohio factory is still planned, but the investment makes one thing clear: hybrids are a major part of Honda’s next move.

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Coverage started November 9