Toyota invests in hybrids in Canada

The 2019 Toyota Rav4 is shown Wednesday

Upon completion of the upgrades, the Cambridge and Woodstock factories will become Toyota's North American manufacturing hub for the RAV4, including hybrid versions.

Toyota said the money will be invested in its Cambridge North plant and its West plant in Woodstock, Ont to give it flexibility in its vehicle manufacturing.

The investment will support more than 8,000 jobs in Southwestern Ontario, and will create 450 new jobs as well as 1,000 new co-op placements. During 2017, Toyota sold 407,594 RAV4s in the USA, topping Camry sedan sales for the first time. This landmark investment - coming at a time of uncertainty in the North American auto industry - makes the Cambridge and Woodstock plants highly competitive among Toyota's global operations, supporting the long-term viability of vehicle production in Ontario.

Trudeau, who paid a visit to the Cambridge plant earlier, hailed the "smart decision that further establishes our country as the place where cars of the future are built".

"Ontario has always been a great home for Toyota Motor Manufacturing Canada", said Fred Volf, president of Toyota Motor Manufacturing Canada.

"It's a vote of confidence in our talented workforce and in our entire province", she said.

Vehicle assembly and auto parts production directly supports more than 100,000 jobs in Ontario, with hundreds of thousands more spin-off jobs across the province.

Bucket List trailer to be out today: Madhuri Dixit's debut Marathi film
The trailer starts with Madhuri's daughter simplify the term " Bucket List " to make her understand easily. She looks attractive in her different avatar as a wife, daughter, adventure seeker and total dreamer.

Toyota built 153 cars the first year it began manufacturing in Canada in 1988.

Toyota says it will invest $200 million in Canadian research and development over ten years.

The upgrades, which include new automation technology in the paint and plastics departments, are to be completed by 2019.

With a simple, story-based user interface, the new Innovation Canada platform can match businesses with the most fitting programs and services in about two minutes.

On average, the Canadian auto sector manufactures one vehicle every 13 seconds. In the United States in 2017, the RAV4 was the best-selling vehicle that is not a pickup truck, with sales of more than 400,000.

The Canadian and Ontario governments will each provide up to $110 million toward the projects.

Related News:



Most liked

Congress defamed Hindus, Rahul Gandhi should apologise, says Amit Shah
The meeting, named as an extended working committee, is the first after Rakesh Singh was appointed as the new BJP state president last month.

Navios Maritime Midstream (NYSE:NAP) Upgraded by JPMorgan Chase to "Overweight"
Moreover, Blackrock has 0% invested in Navios Maritime Acquisition Corporation (NYSE:NNA) for 3.99 million shares. Silver Rock Financial LP grew its holdings in Navios Maritime Acquisition by 22.1% during the fourth quarter.

LPGA Texas Classic cut to 36 holes due to rain
Rain continued through the morning and into the early afternoon forcing officials to suspend play until 3:30 p.m. Savor Dallas is produced by CrowdSource, the experiential division of Belo Media Group and a subsidiary of A.H.

Severe Thunderstorm Watch issued for parts of the state
However as we head into the evening, a cold front will track through the region and bring a brief window for severe weather . Parts of Iowa and Missouri will be under the gun again, with an enhanced risk for severe storms Thursday afternoon.

Galliford Try plc (LON:GFRD) Rating Changes as of May 3, 2018
It operates through four divisions: UK Sports Retail, International Sports Retail, Brands, and Premium Lifestyle. Out of 2 Wall Street analysts rating Verint Systems, 2 give it "Buy", 0 "Sell" rating, while 0 recommend "Hold".

Firm at center of Facebook privacy scandal to close
While Franken focused mostly on user privacy, he also touched on the current political climate and future of democracy. Tina Smith has since taken over Franken's seat .

WEATHER: Sheffield set for warm and sunny Bank Holiday weekend
Bank Holiday Monday, May 7 will be the warmest day of the long weekend with temperatures reaching highs of 22°C and lows of 10°C. Rail travellers could have a miserable weekend with Network Rail carrying out 820 projects during the two Bank Holidays in May.

Analysts' Ratings Review: Turquoise Hill Resources Ltd (TRQ)
Headlines about Turquoise Hill Resources (NYSE:TRQ) (TSE:TRQ) have been trending somewhat positive recently, Accern reports. A security with high volatility has bigger fluctuations in price compared to a security with low volatility.

Plains All American Pipeline (PAA) Scheduled to Post Earnings on Monday
Sg Americas Secs Ltd owns 95,521 shares or 0.02% of their U.S. portfolio. (NASDAQ:AMZN). 236 are held by Goldstein Munger Assocs. In other news, EVP John Vonberg sold 35,410 shares of the firm's stock in a transaction that occurred on Thursday, August 18th.

RBC Capital Decides to Upgrade EnLink Midstream (NYSE:ENLC) Stock
More recent EnLink Midstream, LLC (NYSE:ENLC) news were posted by 247Wallst.com, Seekingalpha.com and Livetradingnews.com. Morgan Stanley maintained EnLink Midstream Partners, LP (NYSE: ENLK ) on Friday, November 17 with "Equal-Weight" rating.

What Are Analysts Suggestions On General Electric Company (GE)
Following the completion of the transaction, the insider now directly owns 81,185 shares in the company, valued at $1,311,949.60. It has underperformed by 10.64% the S&P500. (Put) (AIG) by 46.96% based on its latest 2017Q4 regulatory filing with the SEC.

Kansas man gets life in prison for killing Indian immigrant Srinivas Kuchibhotla
According to local news reports, he acknowledged in court documents that the sentence "will ensure I die in prison". Purinton, 52, also pleaded guilty to two counts of attempted first-degree murder for shooting Madasani and Grillot.

US Government Bonds Rise on Slow Wage Gains
The dollar index, which measures the greenback against six major peers, increased 0.18 percent to 92.584 in late trading. Looking at 10-year US Treasuries, yields fell to 2.93% at one point yesterday, but ended the day closer to 2.95%.

Blake Lively Returns to Instagram & Refollows Ryan Reynolds
Because after a couple days it's unusual to post, like you're hung up on how awesome you were 2 days ago. If I told them them: 'Mommy unfollowed Daddy on Instagram, ' my child would just fart and walk away.

New map for Overwatch takes the battle to Venice
Hanzo's scatter arrow is no more, deservedly ripped from existence this afternoon by a much-needed patch to the live game. Since that day the Italian government has gone to great lengths to preserve Venice, and it shows in the entire map.