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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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Canada sees lowest investment in the auto industry since mid-1980s
Canada is not experiencing a recovery such as that of the U.S. auto industry, as carmakers have adopted a new financial discipline and the local currency is getting stronger. Automakers plan ...
General Motors invests $68 million in Oshawa plant
General Motors announced it will invest $68 million at its assembly plant in Oshawa, Ontario, Canada, where the next generation of the Chevrolet Impala will be built. The Detroit-based automaker added ...
Canadian auto industry records sharp drop in investment
Canada is experiencing a sharp drop in investment in the auto manufacturing segment, with 2011 on track to become the worst year for investment since mid-1980s. A report from Scotia Economics ...

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