TORONTO, Jan. 23, 2013 /CNW/ - The CAW is applauding the investment announcement earlier today by the federal and Ontario government in Toyota, with the intention of building a hybrid car in Canada.

CAW President Ken Lewenza said that the investment, coming in part from the federal Automotive Innovation Fund, is encouraging.

"Both the federal and provincial government recognize the importance of investing in local industry and local jobs," said Lewenza.  "It is crucial though that these investments be part of a larger automotive industrial policy that supports strategic investment, research and development, maintaining a Canadian footprint and greening the industry."

"Success cannot be taken for granted, both levels of government must work towards developing sector-based policies and strategies that will ultimately
maintain and grow good jobs, like the ones at Toyota, Honda, General Motors,
Ford and Chrysler."

SOURCE Canadian Auto Workers Union (CAW)