The Government of Canada has awarded $11.5 million in Canadian government grants to support 6 manufacturers to accelerate the development of new automotive technologies. The investment will help each Ontario automotive supplier develop innovative technologies to be used in hybrid and electric vehicles. Each project will help address climate change concerns by creating technologies that…
The future of electric vehicles (EVs) are becoming increasingly clear. Battery and engine technologies are being researched and developed at record pace; this has allowed global consumer demand to increase steadily. As more consumers begin to understand the technology and feel comfortable investing in electric vehicles, the market will become dominated by this trend. This…
Nemak of Canada Corporation has been awarded up to $3 million in small business grants to develop lightweight automotive engines. This investment will support the development of stronger engine blocks, which will be designed using innovative lightweight aluminium. These engine blocks will provide a more energy efficient automotive system and support future engine technology innovations. The funding…
Nano One Materials has secured $1.9 million in Canadian government funding through the Automotive Supplier Innovation Program (ASIP). Research grants will support the company’s development of battery material production technology and enable the design, construction, and operation of Nano One’s pilot plant. The Automotive Supplier Innovation Program (ASIP) fosters automotive innovation, including the development of…
To stay competitive in the automotive industry, manufacturers must find innovative solutions to differentiate themselves and their products. Investing in new research and technology developments can enable both small and large manufacturing businesses to achieve higher profits, and become more competitive. In support of this ideology, Magna International Inc. has invested in the development of…
In order for Canada to become internationally competitive in the automotive industry, our nation must become leaders in product and process improvements. Leveraging knowledge-based resources such as skilled labourers, researchers, and state-of-the art equipment will help Canadian firms to develop a sustainable competitive advantage. Thankfully, the Government of Canada supports automotive industry competitiveness by offering…
Unifor, Canada’s largest automotive workers’ union, recently approved new 4-year labour deals with General Motors and Chrysler-Fiat Automobiles. The agreements, which also prevented a potential October 10 strike, will secure slight increases to wages and pensions of workers. However, the real gains made through these negotiations come from securing new investments into Canadian production facilities. Negotiations…
Canada’s innovation economy is transforming how the automotive industry competes with global manufacturers. Canadian automotive suppliers must work smarter and develop new technologies or processes that enable clean, efficient automobiles to be created. To incentivize this transition, the Canadian federal government created the Automotive Supplier Innovation Program (ASIP) to support investment into research and development…
Across Canada, new digital technologies are enabling businesses to grow and develop globally-demanded products and services. In fact, information technology development will soon become the country’s largest economic driver, signalling that the Age of the Digital Economy is quickly approaching. The World Economic Forum (WEF) refers to the coming Digital Age as the 4th Industrial…
As part of the Government of Canada’s 2015 Economic Action Plan, the Automotive Supplier Innovation Program (ASIP) provides Canadian government funding to businesses demonstrating and prototyping innovative automotive products or processes. Through this business funding opportunity, more Canadian businesses will be able to contribute clean, sustainable, and energy efficient technologies to a market that is…