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.
Honda Canada spokesman John Bordignon confirmed that the 2023 CRV and CRV Hybrid will be built in the company's Alliston, Ont. plant.
The 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. Several automakers operating in Canada have made commitments to electric vehicle assembly over the past two years, bolstered by provincial and federal government funding.
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