Honda Canada Announces $1.3 Billion Investment to Upgrade Allison, Ontario Plants
Honda Canada announced today that it will invest $1.38 billion over the next six years to upgrade its assembly plants in Alliston, Ontario as part of the automaker’s plan to reach zero emissions by 2040. The plants will integrate new technologies, manufacturing processes, supply chain and vehicle research and development programs.
The new influx brings Honda's total Canadian facilities investments to more than $6.5 billion since 1986. As well, the investment will be supported by funds provided by both the federal and Ontario governments, each of which is going to chip in an equal and conditional contribution of $131.6 million.
Among other things, the move will make Honda’s Ontario facility the lead plant in North America for the new 2023 CR-V Hybrid crossover. “This represents an important milestone for Honda as we move forward in our ambitious vision to make battery electric vehicles represent 100 per cent of our North America vehicle sales by 2040… This investment not only ensures our product and manufacturing competitiveness within Ontario, Canada and abroad, but also significantly bolsters our ongoing efforts to reduce greenhouse gas emissions to help Canada attain its overall climate targets.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Honda Canada investit 1,38 milliard dans ses usines Ontario | Actualités automobile | Auto123Honda Canada investira 1,38 milliard au cours des six prochaines années pour moderniser ses usines d'assemblage HCM à Alliston, en Ontario. Auto123.
Read more »
If you moved to Canada or left Canada, you may be missing out on retirement benefitsYou could have money coming even if you left the country, or lived here briefly
Read more »
Honda Will Install A Hydrogen-Powered Backup Generator At Its California Campus | CarscoopsHonda is working on hydrogen generators to replace the diesel-powered ones that currently dominate the industry
Read more »
Despite reduction in high-skilled immigrants, Canada will still have the people to fill jobs: ministerSean Fraser said the government was still targeting to accept more economic immigrants than ever before, it was just adopting a different strategy due to the…
Read more »
Canada OKs imports of beef and pork from BrazilCanada has approved the importation of beef and pork from Brazil, which had been blocked over health concerns, authorities from both countries said on Monday.
Read more »
Les ventes de VÉ en hausse au Canada, l'Europe loin devant | Actualités automobile | Auto123Si les Canadiens ont acheté plus de VÉ que jamais en 2021, depuis 2019, nous sommes loin derrière le rythme de nombreux pays européens. Auto123 a les infos
Read more »