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May 30th, 2005, 12:08 PM
http://www.cbc.ca/story/business/national/2005/05/30/toyota-050530.html
Toyota to build new plant in Ontario: report
Last Updated Mon, 30 May 2005 11:51:13 EDT
CBC News
TORONTO - Toyota Motor Corp. has chosen to build a second vehicle assembly plant in southwestern Ontario, according to media reports published Monday.
The Toyko newspaper Nihon Keizai Shimbun said Toyota will build its new plant near Woodstock, located 40 km east of London. Several U.S. locations were said to have been in the running to land the plant.
The move is expected to create 1,000 jobs at the facility, along with thousands of spinoff jobs at suppliers. The company is reported to be aiming to begin car production at the plant in 2008.
Toyota's board is expected to officially decide next month where to build its new North American auto plant.
The vehicle maker already has a manufacturing plant in Cambridge, Ont. Opened in 1989, the Cambridge plant employed more than 4,300 people as of the end of December 2004, and produces the Corolla, the Matrix and the Lexus RX-330.
The new plant, slated to be up and running by 2008, is expected to cost about $600 million to build and have an annual production capacity of 150,000 sub-compact cars.
Toyota to build new plant in Ontario: report
Last Updated Mon, 30 May 2005 11:51:13 EDT
CBC News
TORONTO - Toyota Motor Corp. has chosen to build a second vehicle assembly plant in southwestern Ontario, according to media reports published Monday.
The Toyko newspaper Nihon Keizai Shimbun said Toyota will build its new plant near Woodstock, located 40 km east of London. Several U.S. locations were said to have been in the running to land the plant.
The move is expected to create 1,000 jobs at the facility, along with thousands of spinoff jobs at suppliers. The company is reported to be aiming to begin car production at the plant in 2008.
Toyota's board is expected to officially decide next month where to build its new North American auto plant.
The vehicle maker already has a manufacturing plant in Cambridge, Ont. Opened in 1989, the Cambridge plant employed more than 4,300 people as of the end of December 2004, and produces the Corolla, the Matrix and the Lexus RX-330.
The new plant, slated to be up and running by 2008, is expected to cost about $600 million to build and have an annual production capacity of 150,000 sub-compact cars.