It's made in Spain....
from the press release:
The new FMX650 is a dual sport model featuring an air-cooled, four-stroke, single-cylinder, 650cc engine and super motard styling. With fun motoring as its design concept, the FMX650 is equally at home in the city or out on the highway. Starting in spring 2005, the FMX650 will be released in a wide range of European markets. The FMX650 is manufactured by Honda affiliate Montesa Honda S.A. of Spain, and annual European sales are projected to reach 7,000 units.