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$34-Million for TMMC Cambridge for New Lexus Line, Hybrids

Wednesday, 23 January 2013 10:09

The federal and provincial governments are giving Toyota's Cambridge plant $34-million to help build a new assembly line, in support of a new Lexus hybrid vehicle. A new hybrid model, the Lexus RX450-H, was initially announced last year, and today, Prime Minister Stephen Harper and Ontario Premier Dalton McGuinty arrived at the Cambridge TMMC plant, to make the announcement. Harper told the crowd of Toyota workers and business officials, "These funds will be used to help Toyota create a re-tooled assembly line in Cambridge and allow it to build, right here, the first hybrid cars ever to be assembled in Canada." $16.9-million comes from the federal Automotive Innovation Fund, that the government topped up earlier this year fund with a 5-year, 250-million injection. The province is also kicking in $16.9-million from the Strategic Jobs and Investment Fund. Ontario Premier Dalton McGuinty was also front and centre at the announcement as likely his last big official announcement. "Working together we are making Ontario a hub for innovation and clean technology in manufacturing. We're securing good jobs, cleaner air, and a brighter future for all families right here in Ontario. It's the greatest province in the best country in the world." Toyota itself is investing $125 million toward the new assembly line to increase production of Lexus luxury vehicles. The investment will also add 400 new jobs at the facility.

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