Ray retired as the Chair of Toyota Motor Manufacturing Canada Inc. (TMMC) in 2015. Under his exceptional stewardship, TMMC became the first Toyota manufacturing plant outside of Japan to produce Lexus vehicles, beginning in 2003. In 2012, TMMC announced that in addition to increasing production of the Lexus RX350, it would also begin building the RX450h, the hybrid version of the popular Lexus vehicle.
In 2015, Ray was named the chair of a subcommittee of the Canadian Automotive Partnership Council, an industry-led organization formed in September 2002 to address the key competitive issues facing the automotive industry.
In 1972, Ray graduated from St. Clair College in electrical engineering technology, and in 1983, graduated from Wilfrid Laurier University in business management. In 2012, Ray received an honourary Doctorate of Laws from Laurier University and an honourary Doctorate of Engineering from the University of Waterloo.