Toyota Motor Corp.
plans to expand production of the Lexus RX in Canada with a $100 million investment at its plant in Cambridge, Ontario.
The expansion will boost annual Lexus capacity at the factory by 30,000 vehicles to 104,000 units, the automaker said in a statement today. About 400 new jobs will be added at the operation. The expanded production -- which will include 15,000 RX450h electric hybrid vehicles -- is expected to begin in early 2014, Toyota said.
"This is a big and ambitious project with new technology, exacting standards and tight timelines," Brian Krinock, president of Toyota's Canada manufacturing unit, said in the statement.Read Article