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New Honda plant gets expansion

Honda Motor Co. is spending $140 million to expand minivan production at its new plant in Lincoln, Ala.

Company officials announced the increase Tuesday at a ribbon cutting for the plant, where it will produce the Odyssey.

Under the plan, the Lincoln factory will build 150,000 Odysseys annually, starting in late 2002. The previous plan was to build only 120,000.

Speaking to invited guests, Hiroyuki Yoshino, CEO of Honda Motor Co. Ltd., said the expansion was necessary because the Odyssey is still in tight supply at U.S. dealerships.

The expansion brings the total investment in the Alabama plant to $580 million.

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