Toyota will build the two new SUVs at its Cambridge, Ontario, starting in 2022, a source said
Toyota Motor Corp. plans to begin building two more Lexus SUVs in Canada, according to people familiar with the matter, a major win for the nation’s otherwise-struggling auto sector.
Passenger-vehicle production in Canada is projected to drop by 20 per cent this year as GM winds down operations in Oshawa, Fitch Solutions Macro Research said in December. Production in Oshawa fell to about 148,000 vehicles in 2017 from a peak of 940,000 in 2003, a drop of about 85 per cent, according to Dennis DesRosiers of DesRosiers Automotive Consultants Inc.A year ago, Toyota announced it would invest $1.
President Donald Trump last month linked Toyota’s announcement of the RAV4-related investment in Georgetown, along with spending on several other U.S. plants, to the U.S.-Mexico-Canada Agreement, or USMCA, the still un-ratified deal intended to replace NAFTA.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Honda cutting production of Accords as buyers shift to SUVsHonda is slowing production of Accord sedans as car buyers continue to favour SUVs and trucks.
Read more »
Toyota, Denso, SoftBank invest US$1-billion in new Uber tech unitAdvanced Technologies Group will try to develop and commercialize automated ride-sharing services
Read more »
Ford government cancels 'expendable' program that sought to plant 50 million trees in OntarioThe CEO of seedling supplier Ferguson Tree Nursery said he will likely have to cut staff, as will conservation authorities that helped replant trees
Read more »
Ontario cancels program that aimed to plant 50 million treesOntario is cancelling a tree planting program, with those involved warning the move will lead to the loss of jobs and environmental benefits that forests provide.
Read more »
Ford government cancels program that sought to plant 50 million trees in OntarioThe CEO of seedling supplier Ferguson Tree Nursery said he will likely have to cut staff, as will conservation authorities that partner in replanting trees
Read more »
Ontario cancels program that aimed to plant 50 million treesThose involved with the program warn the move will lead to the loss of jobs and environmental benefits that forests provide
Read more »
Ontario Proposes Ending Health Coverage For Travellers Outside CanadaThe government says Ontarians should get private insurance before they leave the country.
Read more »
Canada’s investment in prison system model isn’t bringing results, watchdog reportsRecently announced spending will give Canada approximately one staff member for every inmate, an employee-to-prisoner ratio that would lead the world. This investment isn’t bringing the expected results, however
Read more »