Ontario, Canada is moving forward on its plan to become a world leader in clean energy and manufacturing, with a new investment in energy-efficient vehicles.
The Ontario government has announced an investment of almost $16.9 million toward hybrid vehicle production at the Toyota plant in Cambridge, Ontario. The investment will allow the plant to produce the Lexus RX450h hybrid and will create 400 new jobs. Ontario is providing the funding through its Strategic Jobs and Investment Fund.
The Government of Canada is also contributing $16.9 million to the project. The investment will help sustain 7,000 jobs at Toyota and thousands more at parts companies across the province. Toyota will put $125 million toward the new assembly line. The project will lead to the first Lexus hybrid produced outside of Japan – testament of Ontario’s commitment to innovation in clean technology.