On Wednesday, the Prime Minister and Ontario Premier are set to make an announcement at 10:45 a.m. ET in Alliston, Ontario. A division of Honda Canada Inc. will spend $1.38 billion over six years to upgrade an Ontario manufacturing plant to make electric hybrid vehicles. The investment includes millions in funding from the federal and provincial governments.
John Bordignon, a Honda Canada spokesman confirmed that the 2023 CR-V and CR-V Hybrid will be built in the company’s Alliston, Ontario plant. The Canadian Press received a draft news release that said this plant will be the lead plant for the 2023 CR-V Hybrid crossover. It explained that the federal and provincial governments will chip in $131.6 million each for the plant’s overhaul for a total investment of about $263 million.
This new expenditure would bring Honda’s toilet Canadian manufacturing investments to more than $6 billion since 1986. That was the year Honda became the first Japanese automaker to build a manufacturing facility in Canada.
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