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Canadian Officials Contribute Millions To Assist Toyota In Bringing Lexus Hybrid Production To Ontario

Area Development Online News Desk (01/25/2013)
Ontario, Canada government officials will invest almost $16.9 million, through the province’s Strategic Jobs and Investment Fund, to assist Toyota in production of the Lexus RX450h hybrid sport utility vehicles at its Cambridge, Ontario, plant, with plans to create 400 jobs.

In addition, the Canadian Government is also contributing $16.9 million to the project. The investment will help sustain 7,000 jobs at Toyota and thousands more at parts companies across the province.

Toyota will put $125 million toward establishing a new assembly line that will lead to the first Lexus hybrid produced outside of Japan, testament of Ontario’s commitment to innovation in clean technology, provincial officials said. With this investment, Toyota’s Cambridge plant will produce an additional 26,000 Lexus vehicles, 15,000 of them hybrids.

“The auto industry is a cornerstone of Ontario manufacturing. Working together, this investment will ensure Ontario remains at the forefront of new technologies so our auto sector can continue providing hundreds of thousands of good, high-paying jobs for generations to come, " said Ontario Premier Dalton McGuinty

“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 Ontario 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." Brad Duguid, Minister of Economic Development and Innovation.

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