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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
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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 ...
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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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