Carmaker Honda will invest more than $A485 million to build a second factory in Brazil. Source: AAP
HONDA Motor Co says it will invest 1 billion reals ($A485.71 million) to build its second factory in Latin America's biggest country.
In a statement emailed on Thursday, the Japanese car manufacturer says the new plant is expected to begin operating in 2015 and will have an annual production capacity of 120,000 compact cars.
The new production unit will be built near the city of Itirapina in Sao Paulo state.
Honda's plant in the city of Sumare has been operating since 1997. It produces 120,000 cars a year.
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