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Honda to invest more than $370mn in Canada plant

Honda will invest Can$492 mn in its Alliston factory north of Toronto, enabling the facility to assemble new models of the Civic (pictured) and the CR-V vehiclesHonda will invest Can$492 ($372 million) in its Alliston factory north of Toronto, with financial support from the federal government and province of Ontario, Economic Development Minister Navdeep Bains said. The governments of Canada and Ontario will each contribute Can$41.8 million over three years. The Japanese automotive group will also construct a new paint shop that will help cut greenhouse gas emissions from the paint process by 44 percent, Honda Canada CEO Jerry Chenkin said.

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