Toyota Motor Corp will build its Lexus NX luxury crossover vehicle at a Canadian...
OTTAWA/MONTREAL - Toyota Motor Corp will build its Lexus NX luxury crossover vehicle at a Canadian plant starting in 2022, the company said on Monday, a decision that Prime Minister Justin Trudeau said demonstrated the value of the country’s international trade agreements.
Citing Canada’s trade agreements with Mexico, the United States, Europe and Asia, Trudeau said: “We have preferential trade access to two-thirds of the global economy. In fact, we’re the only G7 country that has free trade deals with every other G7 country.” The announcement is a “counter narrative” for Canada’s automaking industry following recent bad news from other automakers, said Flavio Volpe, president of the Toronto-based Automotive Parts Manufacturers’ Association, especially in the province of Ontario.
On Sunday, Trudeau hosted Japanese Prime Minister Shinzo Abe in Ottawa. Both touted the benefits of a Pacific trade deal that U.S. President Donald Trump walked away from.
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