Canada Automotive Industry
About this product:
Ontario has won another automotive investment with interior parts giant Toyota Boshoku Corporation’s announcement on July 11, 2006 that it plans to build a plant in Woodstock, Ontario. The C$65-million plant will create an estimated 330 full-time jobs and will supply seats, door trim and carpets for Toyota Motor Manufacturing Canada Inc, which is in the midst of building a C$1.1 billion assembly plant in Woodstock. Both companies are part of parent company Toyota Motor Corp. based in Tokyo, Japan. Components made by Toyota Boshoku’s plant will go into the RAV4 Sport utility vehicle that Toyota Canada will assemble in its new plant starting in 2008. The new plant is set to produce 150,000 vehicle units annually.