Mr. Speaker, the people of Cambridge received some great news yesterday. Toyota Motor Corporation announced that it will be expanding its operation in my riding of Cambridge by investing an additional $600 million in its Corolla plant.
This move will create an additional 1,200 direct new jobs and hundreds of jobs in spinoff industries by 1997. Production at the plant will increase from 80,000 to 200,000 vehicles per year.
Yesterday Toyota informed the rest of Canada and the world that Cambridge is a community with a skilled workforce, one worthy of investment.
I would like to thank Toyota for having faith in the people of Cambridge and of Canada. I look forward to a long and good working relationship with this exceptional corporate citizen.