ELECONOMISTA.COM.MX Toyota’s Canadian manufacturing arm announced Wednesday it will invest $80 million to increase production at its Woodstock, Ont. assembly plant, a move it says will create some 400 new jobs. Toyota Motor Manufacturing Canada Inc. said it will ramp up production of its RAV4 crossover vehicles to 200,000 vehicles at the plant by early 2013, an increase from the current annual capacity of 150,000 vehicles. The Woodstock facility currently employs about 2,000 workers.
Toyota has faced production problems due to last year’s earthquake and tsunami in Japan and massive flooding in Thailand that cut parts supplies and slowed down their global output, even in Canada. But sales have begun to spring back recently, with Toyota Canada reporting sales rose 31 per cent year-over-year in February with 12,384 Toyota, Lexus and Scion vehicles sold.
“We are optimistic that the market is coming back and we’re grateful for the strong sales of the RAV4 in the North American market, which has created this increase in production and jobs,” said TMMC chairman Ray Tanguay said.
Toyota has faced production problems due to last year’s earthquake and tsunami in Japan and massive flooding in Thailand that cut parts supplies and slowed down their global output, even in Canada. But sales have begun to spring back recently, with Toyota Canada reporting sales rose 31 per cent year-over-year in February with 12,384 Toyota, Lexus and Scion vehicles sold.
“We are optimistic that the market is coming back and we’re grateful for the strong sales of the RAV4 in the North American market, which has created this increase in production and jobs,” said TMMC chairman Ray Tanguay said.
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