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Japan's Astemo to invest $379 million in US plants to boost electric motor capacity for hybrid vehicles, as client Honda shifts focus to hybrids.
Japanese automotive parts supplier Astemo plans to invest a total of $379 million in two U.S. plants to boost production capacity for electric motors, primarily for hybrid vehicles as North American demand rises. This move follows its primary customer Honda's decision to focus on hybrids over electric and fuel cell vehicles.
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