Toyota investing $1.4B in Ontario manufacturing plants - News Summed Up

Toyota investing $1.4B in Ontario manufacturing plants


Prime Minister Justin Trudeau and Ontario Premier Kathleen Wynne were in Cambridge, Ont., on Friday at a Toyota plant for the announcement of a $1.4-billion a shot in the arm for Ontario's auto manufacturing sector. Toyota said the money will be invested in its Cambridge North plant and its West plant in Woodstock, Ont to give it flexibility in its vehicle manufacturing. Shifting productionThe Woodstock, Ont., plant builds Toyota's RAV4. He said the funding will also help keep Canada's auto sector competitive. Toyota originally planned to move Corolla production to Mexico.


Source: CBC News May 04, 2018 19:43 UTC



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