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March 16, 2022

Federal and Ontario governments commit millions for Honda plant upgrades to manufacture hybrid cars

Canada’s prime minister and Ontario’s premier both say manufacturing hybrid vehicles at an Ontario Honda plant will help ensure good auto jobs into the future.

Justin Trudeau and Doug Ford were in Alliston, Ont., today to formally announce the $131.6-million each government will spend to support upgrades at the Honda manufacturing plant that will eventually make hybrid vehicles.

Honda Canada Inc. says retooling the plant to build the 2023 CR-V and CR-V Hybrid vehicles will cost $1.4-billion over six years.

Trudeau says the development will help create jobs and contribute to a sustainable economic recovery from the pandemic.

Ford says the announcement will help grow the province’s auto sector and ensure the “cars of the future” will be built in Ontario.

Ford has said he wants to ramp up electric vehicle manufacturing but his government has not committed to offering incentives like rebates to help people buy them.

Honda Motor Co’s HMC-N Canadian manufacturing arm will invest C$1.38 billion ($1.09 billion) over six years to upgrade its plants in Ontario as the automaker gears up to make its new hybrid SUV for the North American market.

The investment would make the facility the biggest plant in the region for the 2023 CR-V Hybrid crossover and includes equal grants of C$131.6 million from the governments of Canada and Ontario, Honda of Canada Mfg said on Wednesday.

The move comes at a time when automakers globally have sharpened their focus on producing environmentally friendly vehicles in response to rising demand.

The investment would also help the Japanese automaker meet its goal of raising the ratio of electric vehicles and fuel cell vehicles to 100% of all sales by 2040.

Having started production in 1986, Honda of Canada Mfg has the capacity to produce more than 400,000 vehicles and 190,000 engines annually.

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