DETROIT--Toyota’s plan to invest $10 billion in the U.S. over five years includes spending more than a billion dollars at the Georgetown auto assembly plant. The Japanese automaker executives reaffirmed that commitment during the North American International Auto Show here last week.
ALLISTON, Ont.--The federal and Ontario governments are each providing Honda Canada with grants of up to $41.8 million for upgrades and research and development at its operations in Alliston, Ont. The government money, along with up to $408.3 million from Honda itself, will go toward vehicle-assembly technology, as well as the design and construction of a new paint shop that is expected to cut greenhouse gas emissions nearly in half.
TEHRAN, IRAN--Tata Motors is talking to Iran Khodro Company for a joint venture to assemble knocked-down units of the petrol versions of its models, including the latest compact car Tiago, Bolt and Zest, say sources here. All three models are powered by the company’s new Revotron petrol engines.