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Toyota’s new commitment to strengthen Canada’s automotive sector

Posted in Featured, Talking Politics

Published on May 07, 2019 with No Comments

  • This is the first time that the Lexus NX and NX hybrid sport utility vehicles will be produced outside of Japan.
  • In May 2018, Prime Minister Trudeau announced a $110 million investment to support Toyota Motor Manufacturing Canada’s $1.4 billion investment in its Cambridge and Woodstock plants.
  • Toyota Motor Manufacturing Canada is among the top five global Toyota manufacturing plants. Its assembly facilities in Cambridge and Woodstock can build over 500,000 vehicles annually – making Toyota Motor Manufacturing Canada the largest automotive manufacturer in Canada.
  • Canadian auto plants build more than two million vehicles each year. The automotive sector is Canada’s largest export industry, supporting over 525,000 jobs and contributing $18 billion annually to our economy.
  • On average, the Canadian auto sector manufactures one car every 14 seconds.
  • Canada is a global leader in emerging automotive technologies such as lightweight materials, advanced safety systems, software and cybersecurity, connected and autonomous vehicles, artificial intelligence, alternative powertrains (electric vehicles and fuel cells), vehicle safety and testing.

For over 100 years, Canada’s auto sector has been an engine of economic growth, driving innovation and creating good, well-paying jobs for the middle class. Prime Minister, Justin Trudeau  welcomed Toyota Motor Corporation’s decision to bring production of its Lexus NX and state-of-the-art NX hybrid to its Cambridge plant.

This new mandate reaffirms the company’s long-term commitment to Canada with a significant investment worth hundreds of millions of dollars. In addition to $1.4 billion invested in May 2018, it will make the plant Toyota’s North American production hub for these sport utility vehicles (SUVs) starting in 2022.

Toyota’s investments will support more than 8,000 jobs and 1,000 co-op placements in Southwestern Ontario. The company is committed to its earlier investment of $200 million over ten years to support research and development in Canada.

The Government of Canada is taking action so that Canada can continue to succeed in the global marketplace. By promoting Canadian industry and talent on the world stage, we are growing the economy and creating better opportunities for Canadian workers and businesses.

 “Today is a great day for Toyota, for Cambridge, and for Canada. Canadian auto workers are among the world’s best, and they have the skills and knowhow to design and build cars that meet the needs of people today and tomorrow. Toyota’s new commitment to its Cambridge facility is a vote of confidence in our auto sector, and will help Canada lead in the new high-tech economy of the future,” said Prime Minister Justin Trudeau.

 

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