The latest auto news, reviews, prices, product and vehicle releases. Jul
24th
Stay connected Subscribe to our RSS feed
Lexus announced today that it will invest more than 100 million dollars in its Cambridge Ontario production facility in order to raise production capacity of the Lexus RX to 104,000 units by 2014. 15,000 of these vehicles will be RX 450h's, the hybrid/electric version of the RX. This investment comes on the heels of the 80 million-dollar investment in the Woodstock facility announced in March, which will create an extra 400 jobs.
These investments will bring the overall Canadian Toyota annual production capacity to 500,000 vehicles. ''For the past nine years, Canada has been the only country besides Japan to produce Lexus vehicles,'' explains Toyota Canada Chairman Ray Tanguay. '' The implementation of new technologies along with the newly created jobs is great news for Canada.''
These investments will bring the overall Canadian Toyota annual production capacity to 500,000 vehicles. ''For the past nine years, Canada has been the only country besides Japan to produce Lexus vehicles,'' explains Toyota Canada Chairman Ray Tanguay. '' The implementation of new technologies along with the newly created jobs is great news for Canada.''