TOKYO: Japan’s Honda Motor is in the final stages of preparations to build a new hybrid vehicle production plant in Ohio, the Nikkei business daily said on Thursday. Honda forecasts 70% net profit drop citing ‘tariff impact’ Honda plans to invest about 300 billion yen to 400 billion yen ($1. 90 billion to $2. 53 billion) in the new plant, expected to start production in 2030, the daily said.
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