Toy­ota to raise pro­duc­tion, add 400 jobs in Canada

The Washington Times Daily - - Business -

DETROIT | Toy­ota says it will in­vest $80 mil­lion in a Cana­dian fac­tory to build more RAV-4 small sport util­ity ve­hi­cles.

The in­vest­ment in Wood­stock, On­tario, near Toronto will cre­ate 400 jobs early next year. The com­pany plans to raise the plant’s out­put from 150,000 to 200,000 ve­hi­cles per year.

Toy­ota says it is op­ti­mistic that North Amer­i­can sales are re­bound­ing.

RAV-4 sales in the U.S. are down 5 per­cent through Fe­bru­ary at nearly 22,500. But many in­dus­try an­a­lysts are pre­dict­ing that U.S. auto sales will re­bound this year to more than 14 mil­lion ve­hi­cles. Last year’s sales were only 12.8 mil­lion.

The Wood­stock fac­tory and plants in nearby Cam­bridge, On­tario, em­ploy about 6,500 work­ers.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.