Original: In June 2005, Toyota, the world's largest automaker, announced plans to build a new, $CAD1 .1 billion automobile assembly plant in Woodstock on a 1,000-acre (4 km2) undeveloped site in the city's northeast end.
Simplified: In June 2005, Toyota, the world's second largest automaker, announced plans to build a new, $800 million automobile assembly plant in Woodstock on a 1,000-acre (4 kmÂ) undeveloped site in the city's northeast end.