Toyota Lexus Plant In Cambridge, Ontario Gets $34 Million From Ottawa And Ontario: Canadian Press

Toyota’s Canadian manufacturing arm will receive nearly $34 million in seed money from Ottawa and Ontario as it builds a new assembly line at its plant in Cambridge, Ont., according to the Canadian Press.

Ottawa will kick in $16.9 million from the Automotive Innovation Fund, while Ontario will match that with an investment from its Strategic Jobs and Investment Fund.

Toyota will put $125 million toward the new assembly line to increase production of Lexus luxury cars, including a new model with a hybrid gasoline-electric engine.

The project will lead to the first Lexus hybrid produced outside of Japan.

The initiative, called Project Lexus, is expected to generate about 400 jobs at the Toyota manufacturing plant in Cambridge, in southwestern Ontario.