Government of Canada's Investment Fund Infusion will better position the auto sector for innovation and technology

Government of Canada's Investment Fund Infusion will better position the auto 
sector for innovation and technology 
OAKVILLE, ON, Jan. 4, 2013 /CNW/ - The Canadian Vehicle Manufacturers 
Association (CVMA) welcomes the Government of Canada's commitment to support 
innovation and new investments in Canada's auto industry. 
"With today's announcement, Canada's auto industry is better positioned to 
compete and win new investment which will help to drive the economy and create 
more opportunities for Canadians", said Mark Nantais, president of the CVMA. 
"This announcement demonstrates the government's continued recognition of the 
importance of the auto sector, which remains Canada's largest manufacturing 
industry and manufacturing exporter". With up to nine jobs linked to each 
automotive assembly job, communities across Canada benefit from additional 
investment through related manufacturing and services employment. 
Initiatives like the Automotive Innovation Fund help Canada compete for 
automotive investments with other jurisdictions around the world, and are 
important considerations when evaluating the many components that factor into 
the business cases for additional investment. 
About the Canadian Vehicle Manufacturers Association (CVMA) 
The Canadian Vehicle Manufacturers' Association is the industry association 
that has represented Canada's leading manufacturers of light and heavy duty 
motor vehicles for more than 85 years. Its membership includes Chrysler Canada 
Inc.; Ford Motor Company of Canada, Limited; General Motors of Canada Limited; 
and Navistar Canada, Inc. Collectively its members account for 65% of vehicles 
produced in Canada, operate 5 vehicle assembly plants as well as engine and 
components plants, and have over 1,300 dealerships. 125,000 jobs are directly 
tied to vehicle assembly in Canada. Direct and indirect jobs associated with 
vehicle manufacturing are estimated at over 500,000 across Canada. Please 
visit www.cvma.ca. 
Mark Nantais, President Canadian Vehicle Manufacturers' Association 
416.364.9333 
SOURCE: Canadian Vehicle Manufacturers' Association (CVMA) 
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CO: Canadian Vehicle Manufacturers' Association (CVMA)
ST: Ontario
NI: AUT  
-0- Jan/04/2013 20:07 GMT
 
 
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