With Japan becoming the Land of the Rising Yen, more and more automakers are moving production outside the country to improve their profit margins. On Wednesday, Honda laid the foundation stone for the construction of a new production plant in Celaya, Mexico.
The new factory will become operational in 2014 and among other cars that will be produce there is the subcompact Fit (named Jazz in other markets) for the Mexican, U.S. and Canadian markets, as well as other regions.
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