The Canadian automaker Fiat will open its first car shop in Toronto.

The company, which is owned by Fiat Chrysler Automobiles, has plans to invest more than $200 million to build a car showroom and a manufacturing facility in the city.

Fiat Chrysler Automobile announced in December that it would expand its Toronto operation, opening an automotive assembly plant in 2018.

Car dealerships in the U.S. and Canada have historically been a key revenue stream for Fiat.

The auto industry has a $14.5 trillion annual trade deficit with Canada, according to a report last month from the International Monetary Fund.

In 2014, the company signed a 10-year deal to sell more than 1.3 million vehicles in Canada.

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