As reported in a press release Jan 28, Linamar has announced a significant partnership with both the Canadian and Ontario governments. This collaboration involves a substantial investment of approximately $1.1 billion aimed at advancing technologies and manufacturing capabilities within the mobility sector. This initiative is expected to preserve close to 10,000 jobs and generate more than 2,300 new positions in Ontario's automotive manufacturing industry.
The program aims to innovate across a wide range of mobility technologies, including hybrid and battery electric propulsion systems, propulsion-agnostic products, and various advanced solutions in energy storage, fuel cells, and lightweight structural casting. This encompasses both product research and development and the commissioning of new manufacturing equipment.
The investment includes C$269.7 million in combined government support, accounting for nearly 25% of the projected expenditures, showcasing a strong governmental commitment to advancing the Canadian automotive manufacturing sector and its capabilities in the face of a rapidly evolving global market.
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