Honda to boost output at factory in Mexico

From Bloomberg News

Honda Motor Co. will spend at least $8 million to boost capacity by two-thirds at a Mexican assembly plant and switch all of its production to CR-V sport utility vehicles to meet rising North American sales.

Honda will build 50,000 CR-Vs a year at El Salto, near Guadalajara, where it now makes Accord sedans at a rate of 30,000 a year. About half the CR-Vs built at El Salto will be sold in Mexico, and the rest will be shipped to the U.S. and a variety of Latin American markets.