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Toyota to produce Lexus NX for North America at Canada plant

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Update time : 2019-05-09 15:52:13

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By Steve Scherer and Allison Lampert

OTTAWA/MONTREAL, April 29 (Reuters) - Toyota machinery Corp will build its Lexus NX luxury crossover vehicle at a Canadian factory starting at 2022, the corporation said above Monday, a resolution that choice Minister Justin Trudeau said demonstrated the evaluate of the country's international commerce agreements.

The factory will invest hundreds of millions of dollars ought compose the Lexus NX and its hybrid translation at the factory at Cambridge, Ontario, "supplying the total 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 eat preferential commerce access ought two-thirds of the global economy. at fact, we're the only G7 masses that has liberate commerce deals with each other G7 country."

Trudeau, who faces a sturdy re-election competition 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 outer of Japan. The automotive sector is Canada's largest export industry, supporting above 525,000 jobs, the choice minister's office said, and Toyota is the country's largest automotive manufacturer.

The announcement is a "counter narrative" during Canada's automaking industry following tendency bad information from other automakers, said Flavio Volpe, headmaster of the Toronto-based Automotive Parts Manufacturers' Association, specially at the territory of Ontario.

Fiat Chrysler Automobiles NV said at March it used to chop a shift at its Windsor rally plant, major ought 1,500 trade losses, and popular Motors Co said final year it used to shut its Oshawa factory by the goal of 2019.

Plans ought collect the NX at Canada "means that Toyota's Canadian manufacturing operations are here ought 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 choice Minister Shinzo Abe at Ottawa. Both touted the benefits of a Pacific commerce deal that U.S. headmaster Donald Trump walked away from.

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

"When we final chatted fair a few weeks ago, we discussed the latent of this new Lexus mandate," Trudeau said. ($1 = 1.3451 Canadian dollars) (Reporting by Allison Lampert at Montreal and Steve Scherer at Ottawa; editing by Richard, Sonya Hepinstall and Sandra Maler)

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