Toyota to build $50-million plant in Simcoe Ontario

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Mar 15, 2006 | 12:38 AM

allscion

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From: Arlington, Virginia USA

Toyota to build $50-million plant in Simcoe Ontario

While GM and Ford is closing plants and cutting jobs, Toyota is doing the opposite ...

Paul
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http://www.cbc.ca/cp/business/060314/b0314108.html

Quote:

The $50-million plant will supply the existing Toyota plant in Cambridge, Ont., as well as a second plant scheduled to open in Woodstock, Ont., in 2008. The new Toyota parts plant is expected to open next year. It's a welcome change for an industry that's been struggling with job cuts at its biggest employers.

In recent months, Big Three automaker GM (NYSE:GM) announced numerous closings and cuts, including the shutdown of the Oshawa No. 2 car plant in 2008, and the eventual elimination of a shift at the adjacent No. 1 car operation. It will also close a parts facility in St. Catharines, Ont. - moves that combined will eliminate 3,660 jobs.

Mar 16, 2006 | 12:27 AM

ElDiablo17

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Posts: 293

From: Austin, TX ::DEAF::

WOW! American vehicle is going to be really small and Import vehicle is going to be really big. It seems that Toyota/Scion/Lexus is becoming the biggest automaker in the world and it will overcome the American vehicle. I cant predict the future but it seems like it.

Mar 16, 2006 | 04:02 AM

-groundhog-

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Joined: Dec 2005

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From: Oahu

Yea man, I mean american cars are nice and all but to be honest imports will wipe out american cars and european cars. I think American cars will have trucks

Mar 16, 2006 | 03:30 PM

ElDiablo17

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Posts: 293

From: Austin, TX ::DEAF::

oh yea I agree with you groundhog! I notice that American cars tend to have problem, except the sport and muscle cars. Also American trucks are not bad but they have powerful engine for 4X4 reason. But I have a feeling that imports will wipe out american cars and leave american trucks. Let see what happen in the future.

Mar 19, 2006 | 09:42 PM

PiNGY

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Joined: Jan 2006

Posts: 8

haha our dealership is actually across the street from a mercury dealership and ive never seen more than 2 groups of customers at once. and we only got 3 salesman and we're usually swamped with customers and running out of salesman. when theirs sit around all day long.