Honda to invest $98M at western Ohio engine plant

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ANNA, Ohio (AP) -- Honda says it will invest $98 million at its largest auto engine plant so the western Ohio facility can produce components for its new transmission technology.

Officials said Wednesday that the engine plant in Anna will make high-tech pulley components for Honda's new continuously variable transmission, or CVT. Honda announced $120 million in investments last year for the production of the CVT at the plant in nearby Russells Point.

Honda says the two combined investments for building next-generation powertrain technologies will create 150 jobs.

The Russells Point plant is expected to start making the CVT this summer, with pulley components from Japanese operations. The Anna plant will begin manufacturing those parts next year.

The Anna plant currently employs 2,400 people, and the Russells Point plant has about 1,000 workers.