TORONTO -- Toyota Motor Corp. will announce next Thursday that it will build another assembly plant in Canada, its seventh in North America, the Toronto-based Globe and Mail newspaper reported on Thursday.
The world's second-largest automaker will invest about $406 million in the assembly plant in Ontario, which will employ about 1,500 people, said the newspaper, which gave no details about where its information came from.
Spokesmen for Toyota Motor Manufacturing Inc. and provincial government officials would not comment, it said.
The report follows a similar one last month in Japan's Nihon Keizai business daily, which said the new Toyota plant would produce 100,000 to 150,000 subcompact cars a year by as early as 2008.
Toyota is rapidly expanding and investing in new plants, chasing growth in all markets, even as local makers cut back production.
Toyota's existing operations in Canada reached a record market share in the country of 12.4 percent in May. Its sales rose 0.7 percent to 19,596 vehicles compared with the same month last year.