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New investment in Honda factory, Canadian Business Journal

CBJ — Honda’s manufacturing plant in Alliston, Ontario is receiving a large infusion to focus on manufacturing hybrid vehicles.

Prime Minister Justin Trudeau and Premier Doug Ford of Ontario were at the factory to officially announce the $ 131.6 million that governments had promised to spend on upgrades. This will produce the 2023 CR-V and CR-V hybrid vehicles.

“With these investments, Honda Canada will be able to build next-generation hybrid-like models here in Ontario and sell them throughout North America,” Ford said. “This means that future cars will be manufactured here by Ontario workers using Ontario resources.”

A Honda spokesman said a major remodeling project would cost about $ 1.4 billion over six years.

@CanBizJournal



New investment in Honda factory, Canadian Business Journal

Source link New investment in Honda factory, Canadian Business Journal

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