Investment includes millions in funding from federal, provincial governments
A division of Honda Canada Inc. is set to announce tomorrow 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.
A draft news release obtained by The Canadian Press says it will be the lead plant for the 2023 CR-V Hybrid crossover. 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.
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