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One of the most dramatic trends during the 1980s was the surge in Japanese direct
investment in the United States. Leading this trend were the Japanese automobile
companies, particularly Honda, Mazda, Nissan, and Toyota. Collectively these companies
invested $5.3 billion in North American-based automobile assembly plants between 1982
and 1991. The early leader in this trend was Honda, which by 1991 had invested $1.13
billion in three North American auto assembly plants—two major plants in central Ohio and
a smaller one in Ontario, Canada. Honda has invested an additional $500 million in an
engine plant in Ohio that supplies its Ohio assembly plants. The company has also
established major R&D and engineering facilities at its Ohio plants and has purchased an
existing automotive test center—adjacent to the assembly plants—from the state of Ohio
for $31 million.
As a result of these investments, Honda now employs 10,000 workers in its central
Ohio plants and pumps a payroll of $7.3 million per week into the local economy. Of the
854,879 cars that Honda sold in the United States during 1990, nearly two-thirds were
built at its three North American assembly plants—the vast majority of them in Ohio.
Honda says the domestic content of its American-built cars is 75 percent, meaning that
three-fourths of the final cost of a car is accounted for by North American labor,
components, and other costs. The remaining 25 percent of the cost is accounted for by
imported parts.