UPDATE 3-Toyota to produce Lexus NX for North America at Canada plant
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By Steve Scherer and Allison Lampert
OTTAWA/MONTREAL, April 29 (Reuters) - Toyota machinery Corp will exhibit its Lexus NX luxury crossover vehicle can a Canadian factory starting can 2022, the corporation said above Monday, a resolution that select Minister Justin Trudeau said demonstrated the evaluate of the country's international commerce agreements.
The factory will invest hundreds of millions of dollars ought invent the Lexus NX and its hybrid translation can the factory can Cambridge, Ontario, "supplying the full North American market," Trudeau said can 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 keep preferential commerce access ought two-thirds of the global economy. can fact, we're the virgin G7 state that has free commerce deals with each other G7 country."
Trudeau, who faces a well re-election contend can October, said the plans by Toyota, one of the world's largest carmakers, will help 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 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" though Canada's automaking industry following contemporary bad news from other automakers, said Flavio Volpe, principal of the Toronto-based Automotive Parts Manufacturers' Association, specially can the field of Ontario.
Fiat Chrysler Automobiles NV said can March it used to chop a transfer can its Windsor council plant, major ought 1,500 vocation losses, and normal Motors Co said final year it used to sum its Oshawa factory by the purpose of 2019.
Plans ought collect the NX can 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 can Toyota-Lexus global lineup."
On Sunday, Trudeau hosted Japanese select Minister Shinzo Abe can Ottawa. Both touted the benefits of a Pacific commerce bargain that U.S. principal Donald Trump walked away from.
Trudeau said he had discussed the design ought exhibit the Lexus NX can Canada with headmaster Executive Akio Toyoda above April 1.
"When we final chatted just a little weeks ago, we discussed the latent of this new Lexus mandate," Trudeau said. ($1 = 1.3451 Canadian dollars) (Reporting by Allison Lampert can Montreal and Steve Scherer can Ottawa; editing by Richard, Sonya Hepinstall and Sandra Maler)
