Japan’s Honda will invest a considerable sum of money in its production in Canada

Japan’s Honda will invest a considerable sum of money in its production in Canada

11.01.2017 News

The Government of Canada and, directly, the municipality of the largest city Toronto will help to improve automotive industry Honda. This information is provided by investment portal InVenture Ukraine.

It is known that the forward Japanese manufacturer of motorcycles and automobiles will invest in their businesses in the central Canadian provinces – Ontario (Mr. Elliston) more than $ 300 million. The government and the City of Toronto, for its part, will invest $ 31.6 million. Thus the total investment in the Canadian business Honda will be approximately $ 372 million.

As representatives of the international industrial company Honda say, it will be releasing of new models such as the Honda Civic and CR-V in canadian companies. Also, the investment will cover the cost of construction of a new dyeing workshop. Since the group has plans to make production more environmentally friendly, it will also bring eko benefit | for the whole country, as emphasized a Canadian politician Navdeep Bains.

Also read: Hyundai and Kia acquire 23% stake of Hyundai Capital from General Electric

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