Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, June 28, 2006

New Honda Plant

Stocks showed almost no movement this morning, but popped up late in the afternoon, bringing the Dow up almost half a point to 10973.56. This was caused by sudden activity in the energy department. The Japanese auto-maker Honda, announced today the new location for its plant - in Greensburg, Indiana. A senior executive of Honda said the plant will begin producing vehicles in 2008 and will hire 2,000 employees. How are the residents of Greensburg reacting? After years of animosity towards Honda (GM was a major employer in Indiana), the people of Greensburg have changed their minds. Residents have even gone as far as inviting a Japanese businessman to educate them on Japanese culture! DJIA: +48.82 Nasdaq: +11.59 S&P 500: +6.80