Business

Toyota to expand Lexus production in Canada

July 24, 2012

TOKYO, July 24 – Japanese carmaker Toyota Motor Corp said today it will invest more than US$100 million (RM317.94 million) to expand Lexus production in Canada.

Toyota Motor Manufacturing Canada will hire an additional 400 workers at its Cambridge, Ontario, plant, which builds the Lexus RX utility vehicle.

Toyota will have the capacity to build 104,000 RX models by early 2014.

The RX, which is offered in both petrol and hybrid versions, is one of the most popular luxury crossover vehicles sold in North America.

US sales in the first half rose 10.5 per cent to 44,017.

The Cambridge plant current has the capacity to build 74,000 RX models a year.

As part of the expansion, the Cambridge facility will begin building the Lexus RX 450h hybrid. The plant will be able to produce 15,000 RX hybrids a year. – Reuters

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