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Honda to Invest $857 Million in Alliston

Posted November 06, 2014

Under Economic Issues

(Rob Ferguson – Toronto Star)

Ontario taxpayers are giving Honda of Canada 10 per cent of the $857 million the automaker is investing in a leading-edge upgrade of three plants north of Toronto, making the complex the global lead for the next generation of Honda Civic.

The project — which has not secured any federal investment — will modernize the Civic, CRV sport utility and engine factories “leading to important efficiency gains,” said Honda Canada chief executive Jerry Chenkin. [...]

Aside from securing 4,000 jobs at the three plants, the project will bolster 1,500 suppliers who are paid about $2.1 billion a year to provide parts and services, Chenkin said. Honda became the first Japanese automaker to build a manufacturing plant in Ontario when it built the first Alliston factory in 1986. Read more here.