Southwestern Ontario – Toyota – 400 new jobs

Toyota continues to add jobs and production to its Canadian plants, making it the country’s fastest growing automotive manufacturer.

Toyota announced Tuesday it will start making Canada’s first hybrid electric vehicle in 2014 and add 400 jobs.

The move vaults the company to the upper echelon of automotive employers in Canada, and unlike the Detroit Three, Toyota is growing, said Tony Faria, automotive analyst and business professor at the University of Windsor.

“This will make them bigger than Ford” and about the same size as GM, he said.

“While the Canadian dollar is high, the yen is even stronger and the cost of building vehicles in Japan is way too high. They are moving a lot of assembly to North America right now.”

And Southwestern Ontario is benefiting.

In March, Toyota announced it’s expanding the workforce at its Woodstock RAV4 plant by 400, meaning the automaker will hire 800 workers this year, swelling its ranks at both plants to 7,300 by 2014.

This comes on the heels of Ford closing its St. Thomas assembly plant. GM also is closing one of its Oshawa plants.

“Right now (Toyota) cannot make money on a vehicle built in Japan and shipped to North America,” Faria said…

via Toyota announces 400 new jobs | Money | Toronto Sun.