The Ontario automotive sector contributed over $16 billion to the province’s GDP in 2014 alone. Ontario remains one of the strongest hubs in North America for the manufacturing and assembly of automobiles and Ontario’s economy is largely impacted by the performance of its industry players. The industry is rapidly evolving and therefore companies and government…
In recent years there has been a shift in the global automotive market, and, as noted in our Automotive Industry Overview, Canada has slipped to the 11th largest producer of vehicles globally due to increased pressures from lower wage countries, such as Mexico. The Canadian government has taken note and, in their Economic Action Plan…
The automotive sector is made up of several industries: automobile assembly, automotive parts manufacturing, and the relatively small auto body and trailer manufacturing sector. Although all industries are experiencing increased competition, the automotive parts manufacturing sector in particular are pressured to adopt advanced technologies and streamline processes in order to stay competitive in the face…