Despite the anxiety created by the uncertainty about the trade policies of the incoming Trump administration, Honda Motor Co. plans to move forward with a $372 million project to refurbish and expand its Canadian Assembly plant located north of Toronto.
Honda will invest $372 million in its Alliston factory, with financial support from the federal government and province of Ontario. The governments of Canada and Ontario will each contribute $30 million during three years.
In addition to retaining 4,000 jobs in Ontario, this funding will support advanced and clean technologies and position Honda Canada Manufacturing’s Alliston plants to be globally competitive for years to come, the Ontario Ministry of Development noted in a statement. (more…)