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Home Equity Loans (AXcess News) Houston, TX - Honda Motor Co. (NYSE: HMC) said it would be building its new auto plant in Indiana, which will employ about 1,500 workers and assemble about 200,000 cars a year. The Honda plant is slated for opening in 2008.

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Home Equity Loan Rates Honda said the plant will cost roughly $550 million to build and will be located by Greensburg, Ind. Its construction marks the Japanese automaker's sixth U.S. assembly plant.

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Homeowner Loans Honda chose the Greensburg, Ind.location over five other states; Ohio, Indiana, Michigan, Illinois and Wisconsin, ending a battle of Midwest states' economic development departments that all vied for the Honda plant, envisioning up to 2,000 new jobs as a result.

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Equity Loan Rates Koichi Kondo, president of Honda North America said Indiana has excellent transportation systems and the necessary infrastructure to support industry, suggesting that it was mainly a decision of location over all other benefits.

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Student Consolidation Loans Kondo, an Indianapolis 500 race fan,said that all drivers in this year's Indianapolis 500 used Honda engines.

Second Mortgages "I'd like to point out that there was not one engine failure in the race," Kondo said. "With the racing spirit in mind, today I am happy to be able to say, 'Honda and Indiana, start your engines.'"

Federal Consolidation Loan Rep. Cleo Duncan called Honda's decision "monumental" and that it would be a great economic boost for the region.

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