Honda Motor Co. Ltd. (HMC) will add 300 new jobs and invest $267 million in ramping up production of a new and improved 2018 Honda Accord sedan, the company said Monday, according to Reuters.

The new model will be made at Honda's Marysville, Ohio, production plant. The Japanese automaker said $220 million of the investment is in the plant itself, adding a new $165 million welding department with 342 robots. Honda is also putting $47 million in at its Anna, Ohio, plant to produce turbocharged engines for the new Accord.

Following the investment, the Marysville plant will have a capacity of 440,000 units per year with room to add more production if necessary, according to Honda Accord manufacturing leader Steve Rodriguez.

Much like rival Toyota Motor Corp's (TM) Camry model, the Honda Accord has more horsepower, better fuel efficiency and safety features including automatic braking.

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