$220M toward Cambridge and Woodstock Toyota plants - Action News
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Kitchener-Waterloo

$220M toward Cambridge and Woodstock Toyota plants

Prime Minister Justin Trudeau and Ontario Premier Kathleen Wynne announced a combined $220 million dollar investment to Toyota's Cambridge and Woodstock plants.

PM Justin Trudeau and Ontario Premier Kathleen Wynne made announcement in Cambridge Friday afternoon

Prime Minister Justin Trudeau and Ontario Premier Kathleen Wynne announced $110 Million each toward Toyota's Cambridge and Woodstock plants. (Adrian Wyld/Canadian Press)

Toyota plants inCambridge, Ont. and Woodstock, Ont. will see a significant financial investmentas Prime Minister Justin Trudeau andOntario Premier KathleenWynneannounced a combined $220 million fund.

Trudeau and Wynne made the announcement at theToyota plant in CambridgeFriday afternoon.

Theprovincialand federal governments fund is partof a$1.4 billion investment Toyota announced it is making to upgrade its facilities inCambridge and Woodstock.

The investment will help retain 8,000 jobs, create 450 new jobs and provide1,000 more co-op placements, making Toyota the largest producer of Toyota hybrid vehicles in North America, Trudeau said.

Wynnesaid her message to Japanese Toyota leaders duringher business mission in 2016was that "Ontario has the skilled work force needed to transform the industry."

"It will further boost our provinces place in the auto sector," she said.

Wynne makes it political

As Ontario inches closer to aprovincial election in June, Wynneused the announcement to criticize Progressive Conservative Leader, Doug Ford.

She said the multimillion dollar fund toward Toyota focuses on strengtheningpartnerships,but Ford and the PCs"fail to understand"its value.

"He sees thousands of good jobs in a strong growing industry and dismisses that as corporate welfare." she said.

"That's the core of the fundamentaldebate we will be engaged in."