Toyota Motor Manufacturing Canada (TMMC) will invest more than $100 million and hire approximately 400 employees to increase Lexus RX production at its Cambridge, Ont.-based facility.
Overall Lexus RX capacity will increase by 30,000 vehicles to 104,000 units, including 15,000 RX450h vehicles, the hybrid electric version of the popular Lexus. The investment will take Toyota’s annual production capacity in Canada to 500,000 units.
This is the second major investment announcement for Toyota’s Canadian manufacturing operation this year. In March, TMMC announced an investment of $80 million in its Woodstock, Ont.-based plant. This most recent announcement increases Toyota’s direct job creation in Canada this year to 800 new jobs for a total of 7,300. Toyota is targeting early 2014 for expanded Lexus production.
In 2011, the Governments of Canada and Ontario partnered with Toyota on a multi-project suite of initiatives designed to sustain and grow the vehicle maker’s manufacturing footprint in Canada and encourage the production of greener, more fuel-efficient vehicles.