Toyota adding 400 jobs in Ont.
Toyota Motor Manufacturing Canada chairman Ray Tanguay speaks at the Toyota assembly plant in Woodstock, Ontario Aug. 5, 2011. REUTERS/Geoff Robins
LONDON, Ont. — Toyota's plant in Woodstock, Ont., will boost its RAV4 production and add about 400 new jobs.
The carmaker made the announcement Wednesday morning, saying it will invest $80 million to increase production capacity at the plant to 200,000 from 150,000.
Toyota Motor Manufacturing Canada chairman Ray Tanguay said the company is optimistic the market is coming back.
"We're grateful for the strong sales of the RAV4 in the North American market, which has created this increase in production and jobs," Tanguay said.
Toyota previously announced it will build its first electric vehicle, the new RAV4 EV, at the Woodstock plant, located about 140 km southwest of Toronto.
The increased production in Woodstock is scheduled to begin in early 2013.