Toyota to invest US$97 mil. in Ontario plant


AP

TORONTO–Toyota’s Canadian manufacturing arm says it’s investing CA$100 million (US$97 million) in an Ontario plant and will hire 400 workers.

Toyota Motor Manufacturing Canada Inc. said Tuesday that it will increase the production of the company’s Lexus RX models, from 30,000 vehicles to 104,000 at the southwestern Ontario facility in Cambridge.

The company says the investment includes 15,000 RX450h vehicles, the hybrid electric version of the popular Lexus, and will take its annual production capacity in Canada to 500,000 units.

Toyota said it is targeting early 2014 for expanded Lexus production.

Ontario has seen traditional Detroit carmakers — General Motors, Ford and Chrysler — cut thousands of jobs in the last decade as their parent companies restructured in the U.S. But Toyota and Honda have expanded their Canadian operations.