Excerpt from business-standard.com
Canadian Prime Minister Justin Trudeau announced a new federal investment in project funding for automaker Stellantis that will modernize assembly plants and increase the production of electric vehicles (EV).
According to a statement from Trudeau’s office, the government is investing up to C$529 million ($423 million) into this project, reports Xinhua news agency.
Ontario province is also supporting the project with an investment of up to C$513 million.
“We’re building a world-class Canadian auto industry for generations to come, an innovative economy, and a clean, strong future for everyone. This is what a healthy environment and a healthy economy looks like,” Trudeau said.
“Ontario has everything it needs to be North America’s auto manufacturing powerhouse once again,” said Doug Ford, premier of Ontario, the province with the largest population in Canada.
The multi-billion dollar project from Stellantis will support plants in Windsor and Brampton, Ontario, implementing flexible vehicle platforms at both plants and increasing its production of EV.