Canadian officials contribute millions to assist Toyota in bringing Lexus hybrid production to Ontario
Support will be to the tune of almost $34 million from the province’s Strategic Jobs and Investment Fund and the Canadian Government
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.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
