The second quarter was not a good one for Honda. Supply shortages as a result of the debilitating earthquake in Japan and the subsequent tsunami resulted in a U.S. market share reduction from 10.6 percent to 9.3 percent. North American plants were impacted as well, as production dropped 26 percent from Q2, 2010.

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While Honda’s troubles have been severe, they’re short term, and Honda has always been a forward-thinking company. That’s why it should come as no surprise that the Japanese automaker is sinking $355 million into its Ohio facilities. The Detroit News reports that Honda will spring for $166 million in improvements to its East Liberty plant and another $64 million on a stamping press at the Marysville plant.
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