Company News

Toyota to produce Lexus NX for North America at Canada plant

Views : 405
Update time : 2019-05-08 15:56:11

By Steve Scherer and Allison Lampert

OTTAWA/MONTREAL (Reuters) - Toyota apparatus Corp will build its Lexus NX luxury crossover vehicle at a Canadian plant starting at 2022, the company said can Monday, a resolution that select Minister Justin Trudeau said demonstrated the tax of the country's international commerce agreements.

The plant will invest hundreds of millions of dollars to list the Lexus NX and its hybrid translation at the plant at Cambridge, Ontario, "supplying the sum North American market", Trudeau said at a presentation with Fred Volf, principal of Toyota's Canadian unit.

Citing Canada's commerce agreements with Mexico, the United States, Europe and Asia, Trudeau said: "We consume preferential commerce access to two-thirds of the global economy. at fact, we're the only G7 nation that has liberate commerce deals with each other G7 country."

Trudeau, who faces a vigorous re-election compete at October, said the plans by Toyota, one of the world's largest carmakers, will help insure 8,000 jobs and the factory.

This is the first time that the Lexus NX and NX hybrid athletics utility vehicles will exist produced external of Japan. The automotive sector is Canada's largest export industry, supporting can 525,000 jobs, the select minister's office said, and Toyota is the country's largest automotive manufacturer.

The announcement is a "counter narrative" because Canada's automaking industry following contemporary ill news from other automakers, said Flavio Volpe, principal of the Toronto-based Automotive Parts Manufacturers' Association, especially at the domain of Ontario.

Fiat Chrysler Automobiles NV said at March it used to abbreviate a shift at its Windsor conference plant, leading to 1,500 career losses, and commonplace Motors Co said final year it used to shut its Oshawa plant by the goal of 2019.

Plans to collect the NX at Canada "means that Toyota's Canadian manufacturing operations are here to stay," Volf said, adding that the cars are "the most technologically advanced and the most in-demand cars at Toyota-Lexus global lineup."

On Sunday, Trudeau hosted Japanese select Minister Shinzo Abe at Ottawa. Both touted the benefits of a Pacific commerce career that U.S. principal Donald Trump walked away from.

Trudeau said he had discussed the plan to build the Lexus NX at Canada with head Executive Akio Toyoda can April 1.

"When we final chatted fair a few weeks ago, we discussed the latent of this new Lexus mandate," Trudeau said.



(Reporting by Allison Lampert at Montreal and Steve Scherer at Ottawa; editing by Richard, Sonya Hepinstall and Sandra Maler)

Related News
Read More >>