B-town Boost: Magna International invests $471 million into Brampton EV battery enclosure plant
Brampton, Ontario — Ontario’s automotive manufacturing giant, Magna International, is throwing around big money in the pursuit of an EV battery enclosure plant in Brampton, announcing Wednesday that $471 million has been earmarked for the project. Alongside funding what is projected to be a $265 million building project, Magna’s investment will also go toward creating […]
More Seats at SAIT: Alberta trades training investment to open 300 classroom seats
Edmonton, Alberta — The auto body program at the Southern Alberta Institute of Technology (SAIT) is among three training institutions in the province due to receive a boost in classroom funding, thanks to an investment announced last Friday. In addition to its northern counterpart NAIT, as well as Portage College and its many campuses, SAIT’s […]
St. Lawrence Supply: Umicore to build $1.5 billion battery materials plant in Loyalist Township, Ont.
Kingston, Ontario — Umicore has become the latest electric vehicle battery developer to claim its stake in Canada, announcing last Wednesday that the company would be investing $1.5 billion to set up an electric vehicle battery materials plant in Loyalist Township, in Eastern Ontario. The Belgium-based technology company expects to employ 1,000 people at the […]
Creating Space: Federal government invests $247 million into opening apprenticeship positions
Halifax, Nova Scotia — Federal officials made quite the splash at the Canadian Apprenticeship Forum’s 2022 National Apprenticeship Conference in Halifax this week, announcing a nearly $247 million into 13 projects geared towards setting up small and medium-sized businesses with the ability to offer apprenticeship training opportunities. The government says in its press release that […]
Loosening the Leash: Ford sells eight million Rivian shares, totalling $214 million
Toronto, Ontario — Ford is shedding some of its shares in electric vehicle upstart Rivian, according to a filing to the U.S. Securities and Exchanges Commission. The legacy automaker sold eight million Rivian shares on Tuesday, an amount totalling $214 million at $26.80 per share; a relatively small offload considering Ford still holds 94 million […]
Modern Manufacturing: Latest O-AMP round invests $5.5 million into Ontario auto manufacturers
Toronto, Ontario — Tuesday saw another round of investments distributed to some Ontario-based manufacturers as part of the Ontario Automotive Modernization Program, a campaign that seeks to strengthen the province’s supply chain. The Ontario government has earmarked more than $5.5 million in funding for a number of businesses operating in the automotive industry to help […]
A Boost for Bruce: Province announces $3.6 million manufacturing investment in Bruce-Grey-Owen Sound
Owen Sound, Ontario — Some much needed skilled trades training funds are on their way to the area around Owen Sound, Ont., after local MPP Bill Walker announced an injection of $3,639,511 through the Skills Development Fund. Representing his riding of Bruce-Grey-Owen Sound, Walker said that $2.8 million of the investment will go toward the […]
Carrossier Cash: Québec invests $2 million into technician, estimator training
Trois-Rivières, Québec — Québec is giving a big boost to its bodyshop sector, as the province’s labour minister announced a $2,109,160 investment into training for technicians and estimators. Minister Jean Boulet announced the investment in his home riding of Trois-Rivières where he stipulated that $1,672,985 of the total investment will be used to develop specific […]
Success Centre: Skilled Trades Training Centre announced for Strathroy, Ont.
Strathroy, Ontario — The skilled trades will be getting a new home base in southwest Ontario after the provincial government announced on Friday that a $5.7 million training centre is on the way for the community of Strathroy. The centre will train students from various levels of education, with a primary focus on producing welders, […]
Battery Boom: Stellantis receives historic $5 billion investment for Windsor battery facility
Windsor, Ontario — An electric vehicle battery manufacturing facility is officially on the books for Windsor following an historic $5 billion investment from municipal, provincial and federal governments. Marking the largest automotive manufacturing investment in the history of the province, Stellantis, alongside LG Energy Solution Ltd., expects to employ about 2,500 people at the automaker’s […]
