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The Japanese automaker announced Monday it will restart engine production and retool for new models of hybrid and gas-powered vehicles in Alliston, Ont., as part of a larger $867-million investment. (The Logic)
Talking point: It’s a bet on the continued integration of the North American auto industry, coming alongside a US$3 billion announcement for a new plant in Ohio. The Canadian total includes $313 million from the federal government and $156 million from Ontario, with Honda promising to keep some 4,000 jobs at its facility northwest of Toronto. “This renewed investment reinforces Canada’s critical role in Honda’s North American growth and hybrid-electric vehicle strategy and helps position our operations for long-term competitiveness and future opportunities,” Dave Jamieson, president and CEO of Honda Canada, said in a statement. The company also said the expansions would increase its North American capacity to 1.9 million vehicles per year, with about 1.3 million being made in the U.S.
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