Post Tagged with: "canadian auto industry"

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Canada extends investment fund for auto industry for another 5 years

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 specific research and development projects, provided that carmakers also help fund the projects. First established in 2008, the program […]

Canadian auto industry records sharp drop in investment

Canadian auto industry records sharp drop in investment

Canada is experiencing a sharp drop in investment in the auto manufacturing segment, with 2011 on track to become the worst year for investment since mid-1980s. A report from Scotia Economics says future output of the local auto will be affected by the lack of investment. According to the report, […]