Toronto, Ontario — The provincial government has announced that they are pumping $10 million into the Ontario Automotive Modernization Program (O-AMP) to help give a kickstart to Canada’s recovering automotive supply chain.
“The strength, innovation and quality of our automotive supply chain has been essential in attracting almost $6 billion in new vehicle assembly investments to Ontario,” said Minister of Economic Development, Job Creation and Trade Vic Fedeli.
“O-AMP provides targeted support to help auto parts manufacturers make critical investments in technology and training to enable them to keep ahead in a globally competitive industry.”
O-AMP was launched in September 2019 as part of an initiative spearheaded by the Driving Prosperity: The Future of Ontario’s Automotive Sector report which laid out the government’s plan for establishing a stable and prosperous auto industry.
President of the Automotive Parts Manufacturers Association (APMA), Flavio Volpe, commented on the announcement.
“The Canadian and Ontario auto industries have a generation-defining opportunity to lead in the design, engineering and manufacture of modern vehicle technologies—zero emissions, light-weight, connected and autonomous,” said Volpe.
“The targeted investments of the Ontario Automotive Modernization Program will assist our ambitious and innovative auto parts companies stay at the leading-edge of technology and innovation.”