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Canada and Ontario governments invest to retool Toyota plant


The Canadian and Ontario governments will invest nearly $34 million to help retool a Toyota plant in Cambridge, Ontario, where a hybrid Lexus SUV will be produced. The Lexus RX450h will be the first hybrid to be built in Canada, said Prime Minister Stephen Harper, who announced that the federal and provincial governments will each provide $16.9 million. "Our government is ...
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Fiat-Chrysler CEO Sergio Marchionne plans to buy the Canadian government’s 1.7-percent share in the automaker for about $125-million. The proposal has still not been accepted, as the Canadian authorities ...

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