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Browse Automotive Innovation Fund articles

Canada and Ontario governments invest to retool Toyota plant


The Canadian and Ontario governments will invest nearly $34 million to help retool a Toyota plant in Cambridge, Ontario, where a hybrid Lexus SUV will be produced. The Lexus RX450h will be the first hybrid to be built in Canada, said Prime Minister Stephen Harper, who announced that the federal and provincial governments will each provide $16.9 million. "Our government is ...
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More Automotive Innovation Fund articles

Canada extends investment fund for auto industry for another 5 years
Canada's Prime Minister Stephen Harper announced the renewal of funding for the Canadian auto industry totaling 250 million Canadian dollars. The Automotive Innovation Fund allows manufacturers to apply for funding for ...

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