By Tom Davis
Guelph, Ontario -- January 17, 2018 -- Ontario has announced it will invest $100m into technology innovation in the auto industry. It hopes the move will boost research and development, create up to 1,500 new jobs and retain an estimated 8,000 other jobs in the province.
Brad Duguid, Ontario Minister of Economic Development and Growth, and Navdeep Bains, Federal Minister of Innovation, Science and Economic Development, made the announcement in Guelph this week.
“Our government is investing in automotive innovation, one of Canada’s leading sectors," commented Bains. "This investment will create and maintain middle-class jobs in Southern Ontario and drive economic growth in the area. Investing in these projects also means that Canadian manufacturers can remain globally competitive and a leader in technological advancements.”
The investment is a partnership with automobile parts manufacturer, Linamar. The company will use the investment to manufacture next-generation transmission and drivetrain components and systems; build high-efficiency engine components; develop and produce electrified and connected vehicle technologies; as well as ceate a dedicated innovation centre focussed on artificial intelligence, machine learning, collaborative robotics and lightweight components.
Duguid added: "Partnerships like this one support our long-term competitiveness and help Ontario continue to lead the way in transformative vehicle technologies.”
The government said the partnership with Linamar will increase technological capabilities in the supply chain, making the province's automotive sector "more competitive."
Ontario is the top vehicle producer in North America and its hoped this move will attract further investment and jobs to the province.