Auto industry
Honda commits $3B to a fourth Ohio auto plant
Honda says it will spend $3 billion on a new assembly plant between its Marysville and East Liberty, Ohio, plants, adding more than 2,000 jobs and room for 240,000 vehicles a year, with production expected to start in 2029 pending final government approvals. The plant is being set up to build hybrids, gas models and EVs. Counting related work at Honda's Anna engine and Ohio transmission plants, the Ohio commitment comes to $3.38 billion and 2,390 jobs, per the Ohio governor's office. Honda says hybrid-system capacity in Ohio will rise 250%, with more retooling in Alabama, Georgia and Alliston, Ontario, and U.S. vehicle capacity will reach about 1.3 million a year. None of this changes inventory before 2029, but Honda and Acura stores could eventually see more U.S.-built hybrid supply, including the larger hybrid models Honda says it will phase in starting that year.
Sources: Link · Link
The other stories from Tuesday, November 10, 2026.
Honda raises its profit forecast despite heavy EV charges
Honda lifted its fiscal 2027 operating profit outlook to $4.93 billion despite $3.06 billion of first-half EV-related losses, helped by hybrid demand and stronger financial-services profit.
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Stellantis agrees to sell its idled Brampton plant
Stellantis agreed to sell its idled Brampton, Ontario, plant to armored-vehicle maker Roshel, with a close targeted by year-end if regulators approve. It ties the sale to its 80% North American capacity-utilization goal.
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Hertz moves used-car retail off the lot
Hertz is closing its standalone used-car lots and moving sales online, to TestDrive+ at rental branches, and to retail partners, as reported by CDG News. CDG cites a Nov. 20 finish, a date Hertz has not confirmed.
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October's sales pace slips as prices set a record
October's selling rate slipped to 15.5 million, below September and Cox's forecast, even as raw volume rose on an extra selling day. The average transaction price topped $51,000 for the first time.
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Used supply hits a post-pandemic high
Used listings reached their highest level since COVID in October, with most of the year-over-year gain in vehicles three years old or newer. Asking prices eased slightly but remain almost $1,000 above a year ago.
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Car-Mart's lenders extend relief to Nov. 12
America's Car-Mart received another short lender waiver, lasting only through Nov. 12, after the prior relief expired the day before. These extensions have rolled since Sept. 4 and are not a permanent fix.
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Cox's economist sees the Fed leaning toward higher rates
Cox's chief economist, Jeremy Robb, sees a path back to rate hikes, citing a firmer job market and inflation near 4%. That is Cox's forecast, not a Fed decision.
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Q3 household debt report arrives this morning
The New York Fed's household-debt report, including auto loans, is due this morning at 11:00 a.m. ET (10:00 a.m. CT). The figures cover activity through the end of September.
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