Toyota has secured Canadian government funding towards hybrid vehicle production in Canada.
Ontario premier Dalton McGuinty went to the Toyota plant in Cambridge to announce an investment of almost CAD16.9m (US$17m) toward hybrid vehicle production. The investment will allow the plant to produce the Lexus RX450h hybrid and will create 400 new jobs.
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Ontario is providing the funding through its Strategic Jobs and Investment Fund. The government of Canada is also contributing CAD16.9m to the project. The investment will help sustain 7,000 jobs at Toyota and thousands more at parts companies across the province.
With this investment, Toyota’s Cambridge plant will produce an additional 26,000 Lexus vehicles, 15,000 of them hybrids. Ontario produces more cars than any other place in North America, and the auto industry supports nearly 485,000 jobs across Ontario.
Ontario’s minister of economic development and innovation, Brad Duguid said: “Toyota is an essential part of Ontario’s auto industry, and a big reason why the province continues to be a leader in North America for vehicle assembly. The McGuinty government is delighted to further strengthen our partnership with Toyota and we thank the company for its ongoing confidence in Ontario and its auto workers.”
