Honda Motor Co Ltd's Canadian division announced its plans to invest C$857 million ($749.98 million) over three years to upgrade manufacturing plants in Alliston, Ontario.
The upgradation of this manufacturing plants will be the global lead for production of the next-generation Honda Civic.
Under this investment, it includes a conditional grant of up to C$85.7 million from the province of Ontario, the plant will develop manufacturing processes and tooling trials for worldwide Honda plants that build the next Civic model.
The investment, by Honda of Canada Manufacturing, will also go toward technologies and processes to modernize the site's two auto assembly plants and one engine plant.
|Company Name||Honda Motor Co Ltd's, Canada|
|Estimated Cost||C$857 million|