Ontario is providing Toyota with a conditional grant of up to $110 million towards an overall investment valued at $1.4 billion to bring more than 8,000 Toyota automotive manufacturing jobs in Toyota’s Cambridge and Woodstock plants.
The Government of Canada is also providing matching funding towards the project.
Ontario’s $110 million investment, matched by the federal government, is part of an overall investment valued at $1.4 billion. It will help establish Cambridge and Woodstock as Toyota’s North American manufacturing hub for the RAV4, including hybrid versions. Manufacturing the RAV4 is a complex, labour-intensive process that Toyota projects will support more than 8,000 existing jobs and add 450 new jobs. As a result of this investment, Toyota’s Ontario manufacturing operation will become the leading hybrid SUV producer within North America.
Premier Wynne was joined by Justin Trudeau, Prime Minister of Canada, at Toyota’s assembly plant in Cambridge on May 4, 2018 to highlight how this new funding will boost the competitiveness of Toyota’s Cambridge and Woodstock operations, as well as support the long-term viability of automotive production in Ontario.
Vehicle assembly and auto parts production directly supports more than 100,000 jobs in Ontario, with hundreds of thousands more spin-off jobs across the province.
Toyota is the largest vehicle producer in Ontario and a cornerstone of the province’s auto sector. This landmark investment — coming at a time of uncertainty in the North American auto industry — makes the Cambridge and Woodstock plants highly competitive among Toyota’s global operations, supporting the long-term viability of vehicle production in Ontario.