Honda to invest $808 million in Brazilian plant

BRASILIA, Brazil: Last week, Roberto Akiyama, Honda's commercial vice president in Brazil, said the Japanese automaker will invest 4.2 billion reais ($807.74 million) in its plant in Itirapina, Brazil, by 2030.

Honda aims to develop a hybrid-flex vehicle in the South American country, he added. Akiyama made his comments after a meeting with President Luiz Inacio Lula da Silva in Brasilia.

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