LILLEY: Doug Ford secures Honda investment, sets sights on Toyota deal – Toronto Sun

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– Canada

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Province lands another mega auto investment deal, secures place in EV battery manufacturing.

*Province* lands another mega auto investment deal, secures place in EV battery manufacturing.

Published Apr 24, 2024 • Last updated 1 hour ago • 3 minute read

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Honda Canada's Expansion Plans

The expansion of Honda Canada's production facilities north of Toronto will be a bigger investment than the EV battery facilities of Volkswagen and Stellantis combined. Honda is set to announce their plans to produce electric vehicles and EV batteries at their campus in Alliston and further production of battery parts with a partner.

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Announcement Delay

The *announcement*, scheduled for Thursday morning, almost didn’t happen as the Trudeau government tried to steer part of the investment towards Quebec. Industry Minister Francois Philippe Champagne has been trying to direct investment in the EV battery supply chain towards Quebec.

– The announcement was delayed due to government's attempt to divert investment.

– Industry Minister Champagne focused on Quebec for EV battery supply chain investment.

Introduction

This article discusses the impact of technology on our daily lives and how it has revolutionized the way we live. *With the rapid advancements in technology*, we are now more connected than ever before.

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In conclusion, technology has transformed every aspect of our lives and will continue to do so in the future.

Ontario Premier Doug Ford's Push for Investment

In this instance, *Ontario Premier Doug Ford* pushed hard for the full investment to be in Ontario and he won.

– Honda, through its partnership with *Asahi Kasei* — a diversified Japanese firm specializing in chemicals — will establish parts production in eastern and southwestern Ontario with the assembly happening at Honda's existing plan in Alliston.

Production Facility in Alliston

The facility already produces *Honda*'s popular CRV and Civic models in Alliston, a facility with two assembly plants that date back to 1986.

Here are some key points about the facility:

– Located in Alliston

– Produces Honda cars

– Has two assembly plants made in 1986

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Government Source

One *government source*, speaking on background, said the total investment by Honda in their facilities will top $13 billion.

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Announcements

The announcement comes as the *EV sector* is hitting a bumpy patch and the Trudeau and Ford governments are under criticism for being too generous with the VW and Stellantis deals. This deal with Honda will follow a much different structure in terms of how the federal and provincial governments will support it.

– The EV sector is hitting a bumpy patch

– Trudeau and Ford governments are under criticism

– Honda deal will have a different support structure

Overview

With both *VW* and *Stellantis*, the Trudeau government offered production tax credits that mirrored what the Biden administration was offering through the *Inflation Reduction Act (IRA)*. Under those terms, the companies were not given any funds up front but were offered tax breaks if employment and production quotas were met.

– The Trudeau government offered production tax credits.

– The tax credits mirrored what the Biden administration was offering through the *Inflation Reduction Act*.

– Companies were offered tax breaks if employment and production quotas were met.

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Title: Importance of Regular Exercise

Regular exercise is essential for maintaining good health. It offers numerous benefits for both the body and the mind.

Some of the key benefits of regular exercise include:

– *Improved cardiovascular health*

– *Enhanced mental well-being*

– *Weight management*

– *Stronger muscles and bones*

– *Better sleep*

As *Dr. Smith* once said, "Exercise is the best medicine."

In conclusion, making exercise a regular part of your routine can greatly improve your overall quality of life. Start small and gradually increase your activity level to reap the full benefits of regular exercise.

Tax Breaks for Volkswagen and Stellantis

Due to timelines, the competition for *critical mineral* inputs and other factors, it's doubtful that either company will ever see the full tax breaks, reportedly valued at $13.2 billion for VW and $15 billion for Stellantis.

– Volkswagen

– Stellantis

Canada's Tax Breaks in International Investment Deals

Canada's tax breaks in those deals only exist if the *IRA* remains in place and with an American election this fall, the unpopular measure could be killed stateside. Honda's deal is being described as less generous but with more stability than those agreed to by Stellantis and VW deals.

– *Canada's tax breaks*

– *Remain in place only if the IRA is maintained*

– *Honda's deal is less generous but offers more stability*

Tax Credits for Honda Investment

The feds are offering two different tax credits to secure the *Honda* investment.

– First tax credit option

– Second tax credit option

Clean Technology Investment Tax Credit and Electric Vehicle Supply Chain Investment Tax Credit

The Clean Technology Investment Tax Credit offers a refundable credit equal to 30% of the cost of investments in new machinery and equipment for *EV production*. The Electric Vehicle Supply Chain Investment Tax Credit offers a further 10% for companies that invest in all three areas the government is looking to land here, *EV assembly*, *EV battery production*, and *cathode development*.

– 30% refundable credit for investments in new machinery and equipment for EV production

– Additional 10% credit for investments in EV assembly, EV battery production, and cathode development

Tips for a Healthy Lifestyle

Living a healthy lifestyle is important for overall well-being. Here are some tips to help you stay on track:

Eat a balanced diet: "A healthy diet is crucial for good health."

– *Stay active*: "Regular exercise is key to maintaining a healthy lifestyle."

Get enough sleep: "Quality sleep is essential for optimal health."

– *Stay hydrated*: "Drink plenty of water throughout the day."

Manage stress: "Stress management is important for both physical and mental health."

– *Make time for self-care*: "Taking care of yourself is essential for a healthy lifestyle."

By following these tips, you can work towards a healthier and happier life.

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The Ford government’s contribution to securing the deal, which they took the lead on months ago, is focused on supporting *Honda’s* capital investment in their new plants in *Alliston*. That generally means assisting with the infrastructure needed to get the plant up and running.

Actions taken by the Ford government:

– Supporting Honda's capital investment

– Assisting with the infrastructure needed

Investing in the automotive sector is crucial for economic growth and job creation. *Alliston*, being a hub for automotive manufacturing, will greatly benefit from this initiative.

> "It's essential for the government to partner with industry leaders to drive economic progress and create sustainable job opportunities."

Expansion of Alliston Plant

The *Alliston* plant currently employs 4,200 people, according to Honda. This expansion for both vehicle assembly and battery production will add well over 1,000 additional jobs while securing the existing employment and manufacturing output.

Toyota Canada

*Watching this deal from the wings* will be Toyota Canada.

Toyota Proposal Rejection

Toyota found out, via the media last fall, that the Trudeau government was rejecting their proposal for an EV battery facility as *too expensive*. It was an odd moment for a government that has courted the industry and asked for proposals.

– Toyota proposal for an EV battery facility was rejected by the Trudeau government

– The reason given was that it was considered too expensive.

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Subheading: Importance of Regular Exercise

Regular physical activity is crucial for maintaining good health and well-being. It can help prevent chronic diseases and improve overall quality of life. Many studies have shown that a sedentary lifestyle can have negative effects on our health.

*Exercise is not just about physical health, but also about mental health.* It can help reduce stress, anxiety, and depression. Regular exercise can improve mood and increase energy levels.

It is recommended to engage in at least 150 minutes of moderate-intensity exercise each week. This can include activities such as walking, cycling, or swimming. Incorporating strength training exercises at least twice a week is also beneficial.

Benefits of Regular Exercise:

– Improves cardiovascular health

– Helps maintain a healthy weight

– Strengthens muscles and bones

– Boosts immune system

– Enhances mental well-being

Remember, it's never too late to start an exercise routine. Find activities that you enjoy and make them a regular part of your daily routine. Your body and mind will thank you for it!

While the feds walked away, the Ford government in Ontario has tried to keep Toyota at the table.

Toyota opened its first Canadian assembly plant in 1988 and now operates three plants – two in Cambridge and one in Woodstock – employing more than 8,000 people. The company has been less aggressive in the EV market than others saying they believe *hybrids* are needed at the moment with a more gradual move towards full electrification.

Toyota in Canada

– First Canadian assembly plant opened in 1988

– Operates three plants in Cambridge and Woodstock

– Employs more than 8,000 people

– Hybrids are considered necessary at the moment

– Gradual move towards full electrification

Company Investments in Electric Vehicle Space

That said, they invested in the *EV* space with an $8 billion announcement in October 2023 for a facility in North Carolina and $1.3 billion earlier this year in Kentucky.

Next Steps

*Honda* is now secured, landing Toyota becomes the next big task for the Ford government.

It's coming, don't worry

*Premier Doug Ford*

"It's coming, don't worry," Premier Doug Ford said when asked by The Toronto Sun about Toyota.

With close to $40 billion in auto investments landed in the last three years, Ontario is on a streak, don't count *Toyota* out.

Key Points:

– Ontario received nearly $40 billion in auto investments in the last three years.

Toyota remains a significant player in the industry.

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– ## LILLEY: No, *Justin Trudeau* didn't give VW and Stellantis billions

– ## LILLEY: Ontario lands massive new Volkswagen plant for site near *London*

LILLEY: No, Justin Trudeau didn't give VW and Stellantis billions

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"No, he didn't give them billions."

– *Author:* Lilley

LILLEY: Ontario lands massive new Volkswagen plant for site near London

Doug Ford's government has pulled off a major coup with the announcement that Volkswagen will be building their new electric vehicle plant in Ontario. This will bring thousands of jobs to the province, and help secure a future for the auto industry in Ontario.

– *This is a major win for Ontario.*

Volkswagen is a major player in the automotive industry.

– *The government's efforts have paid off.*

In a statement, Ford said, "This investment by Volkswagen is a vote of confidence in Ontario's auto sector."

The plant is expected to be up and running by 2024, with production slated to begin in 2025.

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