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Toyota to produce Lexus NX for North America at Canada plant

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Update time : 2019-05-09 15:48:33

By Steve Scherer and Allison Lampert

OTTAWA/MONTREAL (Reuters) - Toyota machine Corp will build its Lexus NX luxury crossover vehicle at a Canadian factory starting at 2022, the corporation said above Monday, a determination that select Minister Justin Trudeau said demonstrated the appraise of the country's international commerce agreements.

The factory will invest hundreds of millions of dollars to invent the Lexus NX and its hybrid version at the factory at Cambridge, Ontario, "supplying the complete North American market", Trudeau said at a presentation with Fred Volf, headmaster 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 sole G7 nation that has release commerce deals with each other G7 country."

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

This is the first time that the Lexus NX and NX hybrid athletics utility vehicles will exist produced outer of Japan. The automotive sector is Canada's largest export industry, supporting at 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 modern evil information from other automakers, said Flavio Volpe, headmaster 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 rally plant, major to 1,500 vocation losses, and usual Motors Co said persist year it used to end its Oshawa factory 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 business that U.S. headmaster Donald Trump walked away from.

Trudeau said he had discussed the plot to build the Lexus NX at Canada with leading Executive Akio Toyoda above April 1.

"When we persist chatted impartial a little 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)

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