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Ontario Government To Invest in Hybrid Vehicles

Web posted on January 23, 2013

Ontario is moving forward on its plan to become a world leader in clean energy and manufacturing, with a new investment in energy-efficient vehicles. Currently, Ontario produces more cars than any other place in North America and employs nearly 485,000 jobs directly and indirectly.

Premier Dalton McGuinty went to the Toyota plant in Cambridge to announce an investment of almost $16.9 million toward hybrid vehicle production. The investment will allow the plant to produce the Lexus RX450h hybrid and will create 400 new jobs. With this investment, Toyota's Cambridge plant will produce an additional 26,000 Lexus vehicles, 15,000 of them hybrids.

"Toyota is an essential part of Ontario's auto industry, and a big reason why the province continues to be a leader in North America for vehicle assembly. The Ontario government is delighted to further strengthen our partnership with Toyota and we thank the company for its ongoing confidence in Ontario and its auto workers." Comments Brad Duguid, Minister of Economic Development and Innovation

Premier McGuinty also met with the team that will produce the new hybrid cars. He thanked the team, and Toyota, for their commitment to innovation in clean technology and for creating good jobs for Ontario families.

"The auto industry is a cornerstone of Ontario manufacturing. Working together, this investment will ensure Ontario remains at the forefront of new technologies so our auto sector can continue providing hundreds of thousands of good, high-paying jobs for generations to come." Says Dalton McGuinty, Premier of Ontario

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.


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