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Honda invests $470 million for new transmission plant in Mexico

Honda has announced that it has made an initial investment of $470 million to build a brand new transmission plant in Ceyala, Mexico. For those keeping track, this is the same city that will also house Honda's new automobile manufacturing facility, which will begin production of the Fit compact beginning in the spring of 2014.
This new transmission plant is expected to come online in the second half of 2015, with an annual production capacity of 350,000 units, though that number is expected to double in the years following the plant's opening. With a 700,000-unit production capacity, Honda says a full 1,500 new associates will be hired at the Mexican plant.
Honda will specifically use this new transmission plant for the production of CVTs for automobiles built in Mexico, as well as for cars produced in facilities around the world. It stands to reason, then, that since the next-generation Honda Fit will be built right around the corner from these new CVTs, the small hatchback - which is expected to grow into a full family of vehicles - could be fitted with continuously variable units in the future.

IndyCars parade across Golden Gate Bridge for Justin Wilson [w/video]

Seeing IndyCars driving on public roads is a rare treat, especially on an iconic landmark like the Golden Gate Bridge. Unfortunately, the exciting sight came on a very somber occasion. On August 27, a parade of five racecars sped across the famous span in large part to memorialize fellow driver Justin Wilson. In an incredibly touching scene, teammate Marco Andretti led the pack, and he was behind the wheel of Wilson's number 25 Andretti Autosport Honda. "It was an honor to drive Justin's car. It was emotional for sure," Andretti said to the IndyCar Series. Behind him were Graham Rahal, Will Power, and Josef Newgarden. James Hinchcliffe was in a two-seater IndyCar to deliver the Aston Cup to the season finale at Sonoma Raceway. Two safety vehicles were also part of the procession, and they were flying Justin Wilson flags. Wilson passed away earlier this week after being struck in the head by a carbon-fiber nosecone from a crash ahead of him during the ABC Supply 500 at Pocono Raceway. Since then there has been an outpouring of support from the motorsport world for the 37-year-old racer's family. You can watch a clip of the driver's crossing the Bridge, below. News Source: NBC Bay Area, IndyCarImage Credit: Eric Risberg / AP Photo Motorsports Honda Racing Vehicles Videos IndyCar andretti autosport james hinchcliffe sonoma raceway golden gate bridge josef newgarden

Honda poised for growth, Detroit to hold steady, Car Wars study says

The automotive industry is expected to keep booming in the US over the next several years, but the train might start running out of steam in the long term, according to 2015's Car Wars report from Bank of America Merrill Lynch analyst John Murphy. The forecast focuses on changes between the 2016 and 2019 model years, and the latest trends appear similar in some cases to the past predictions. Sales are expected to keep growing and reach a peak of 20 million in 2018, according to the Detroit Free Press. The expansion is projected to come from a quick pace of vehicle launches, with an average of 48 introductions a year – 26 percent more than in 1996. Crossovers are expected to make up a third of these, maintaining their strong popularity. However, Murphy predicts a decline, as well. By 2025, total sales could fall to around 15 million units. As of May 2015, the seasonally adjusted annual rate for this year stands at 17.71 million. Like last year, Honda is predicted to be a big winner in the future thanks to products like the next-gen Civic. "Honda should be the biggest market share gainer," Murphy said when presenting the report, according to Free Press. Meanwhile, in a situation similar to Car Wars from 2012, a lack of many new vehicles is expected to cause a drop for Hyundai, Kia, and Nissan. Based on this forecast, Ford, General Motors, and FCA US will all generally maintain market share for the coming years. The report does make some future product predictions, though. The next Chevrolet Silverado and GMC Sierra might come in 2019, which is earlier than expected. Also, Lincoln could get a Mustang-based coupe for 2017, a compact sedan for 2018 and an Explorer-based model in 2019, according to the Free Press. Related Video: News Source: The Detroit Free PressImage Credit: Nam Y. Huh / AP Photo Earnings/Financials Chrysler Fiat Ford GM Honda Lincoln Car Buying fca us