The Canadian automotive industry is enjoying a surge in vehicle sales so far in 2016. Compared to March 2015, the market grew by 9.3% and saw over 175,000 light vehicles being sold last month. These types of increases are expected to remain, or even grow, further into 2016 as Canadian consumers continue to receive reduced…
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…
Canadian businesses of all sizes can attend networking, workshop, and conference opportunities throughout March 2016. As winter fades into spring, business owners and executives will want to ensure that they’re staying up to date on all industry and business funding news. Don’t miss your opportunity to learn about grants and loans from members of the…
A transitioning Canadian economy has provided new opportunities for automotive manufacturers across the country. Declining oil and energy market prices have increased the importance of automotive success, and all levels of government within Canada are searching for ways to strengthen the automotive sector. Canadian government funding for innovative research and development projects is now more…
Following a profitable year in 2015, can Canada’s manufacturing industry continue to exceed expectations and repair economic damage caused by diminishing oil values? 2016 is shaping up to be a cautiously optimistic year for Canadian manufacturing. Led by a surging automotive industry, Canada has reasons for being hopeful that the manufacturing sector will help our…
The Automotive Supplier Innovation Program (ASIP) was created as part of the Economic Action Plan 2015. This Canadian government funding program will provide up to $100 million over five years (2015-2020) to encourage automotive suppliers to develop new innovative products and processes that will make Canada more competitive on a global scale. This program was…
Since its inception in 2008, the Canadian government funding program Automotive Innovation Fund (AIF) has awarded over $468 million in support. This funding fuels automotive R&D projects aimed at improving fuel-efficiency and lowering the environmental impact of automobiles. Canadian businesses awarded with funding include Toyota, Ford, Linamar, and Magna International. The program was renewed in 2016…
Nearly a year ago, CBC reported on former Industry Minister, James Moore’s meeting with executives from leading automotive companies. In an ongoing effort to strengthen Canada’s automotive sector, Moore has been working closely with Ford, Toyota, Chrysler-Fiat, and Honda to secure additional investments in their Canadian operations. “I’m very positive and very confident that we’ll…
Home to five auto assemblers, 700 parts suppliers, and more than 500 tool, die, and mould makers, Ontario is regarded as a source of high-quality automotive manufacturing. Over the last five years, Ontario assembly plants produced nearly 16 per cent of North American-made vehicles; more than any other North American state or provincial jurisdiction. The…
An article recently published in The Hamilton Spectator identified the Ontario automotive sector as lacking leadership and on the verge of a decline. Although the Ontario industry was a top global contender, manufacturers of vehicles and automotive components in Ontario are facing downward pricing pressures from developing nations with low labour rates, and consumer preferences…