24 January 2013

Toyota's plant in Cambridge, Ontario gets C$33.8 million funding for hybrid vehicle production

- Project will generate approx. 400 jobs at Toyota's Cambridge facility
- Toyota to produce hybrid version of Lexus Sport Utility Vehicle 

23 January 2013 - Canadian Prime Minister Stephen Harper announced an Automotive Innovation Fund investment in Toyota Motor Manufacturing Canada (TMMC). The project will generate approximately 400 jobs at TMMC's Cambridge facility, and will involve building a new blended assembly line that will permit increased production of the current Lexus model. Production of the RX 450h hybrid is expected to begin in 2014.

"Our Government is committed to helping Canada's automotive sector remain globally competitive and prosperous," said the Prime Minister. "Today's support will allow Toyota Motor Manufacturing Canada to produce a hybrid version of the Lexus Sport Utility Vehicle in Cambridge, the first hybrid model ever built in Canada. This milestone initiative to build greener more fuel efficient cars will advance Canadian innovation and increase our ability to compete internationally resulting in more high-paying, stable jobs."

Federal funding for the project is provided through the Automotive Innovation Fund (AIF), a $250-million, five year program that supports strategic, large-scale research and development projects in the automotive sector. Introduced in 2008, and renewed for another five years in January 2013, the AIF is designed to help automotive firms strengthen their capacity for innovation and to position them to compete successfully in the global economy.

Premier of Ontario Dalton McGuinty also announced an investment of almost $16.9 million toward Toyota's hybrid vehicle production. Ontario is providing the funding through its Strategic Jobs and Investment Fund. The Government of Canada 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. 

The auto industry is a cornerstone of Ontario manufacturing. Working together, this investment will ensure Ontario remains at the forefront of new technologies so our auto sector can continue providing hundreds of thousands of good, high-paying jobs for generations to come, " said Dalton McGuinty, Premier of Ontario. 

With this investment, Toyota’s Cambridge plant will produce an additional 26,000 Lexus vehicles, 15,000 of them hybrids. Ontario produces more cars than any other place in North America.The auto industry supports nearly 485,000 jobs across Ontario. 

Source: Office of the Prime Minister of Canada and Premier of Ontario