Anna, Ohio – Honda will invest US$98 million in its engine plant in Anna, Ohio to build the company’s next-generation powertrain technologies. Last year the company announced a $120 million investment for the production of a new continuously variable transmission (CVT) at its facility in Russells Point, Ohio.

The Anna plant will built pulley components for Honda’s new CVT, which will be initially used for the first time in the U.S. in the all-new 2013 Accord. Accords for the U.S. market are built only in Ohio at the Marysville Auto Plant.

Until the Anna plant begins pulley production in 2013, components will be supplied from Japan. The CVT will be used with a new 2.4-litre direct-injection engine that will be built at the Anna Engine Plant.

The CVT is expected to improve fuel economy by approximately 10 per cent, compared with the current five-speed automatic transmission.

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