A division of Honda Canada Inc. is set to announce Wednesday that it will spend $1.38 billion to upgrade an Ontario manufacturing plant, an investment that includes millions in funding from the federal and provincial governments.
Honda Canada spokesman John Bordignon confirmed that the 2023 CRV and CRV Hybrid would be built in the company's Alliston, Ont. plant.
A draft news release obtained by The Canadian Press says it will be the lead plant for the 2023 CR-V Hybrid crossoverThe release says the federal and provincial governments will chip in $131.6 million each for the plant's overhaul for a total investment of about $263 million. The investments were confirmed by a government source.
Honda has promised to go fully electric by 2040, making the hybrid vehicle plant announcement a key step on the way toward meeting its goal. Several automakers operating in Canada have made commitments to electric vehicle assembly over the past two years, bolstered by provincial and federal government funding.
The release says Honda has the capacity to produce more than 400,000 vehicles and 190,000 engines annually, including the Honda Civic and CR-V models for the Canadian and North American markets, as well as for export.This report by The Canadian Press was first published March 15, 2022.
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