Toyota invests $1.09 billion in Canada

Ottawa: Toyota announced it would invest Can$1.4 billion ($1.09 billion) in two factories in central Canada where the Japanese manufacturer plans to build its largest hybrid hub in North America. Ottawa will support the investment with Can$110 million in Toyota’s Cambridge and Woodstock plants in Ontario, a statement from the office of Prime Minister Justin Trudeau said. “Once complete, Canada will be the North American hub for the RAV4 and home to Toyota’s largest hybrid vehicle production in North America,” said a joint statement from the Canadian government and the automaker. Trudeau hailed the “smart decision that further establishes our country as the place where cars of the future are built.” — AFP