Minister Paradis Emphasizes Canadian Advantages at North American
International Auto Show
DETROIT, MICHIGAN -- (Marketwire) -- 01/15/13 -- The Honourable
Christian Paradis, Minister of Industry, today attended the 2013
North American International Auto Show in Detroit to promote Canada
as a world-leading destination for automotive investment.
"Thanks to actions taken by our government, Canada is a premier place
to do business and a great place to build cars," said Minister
Paradis. "Given our low tax rate, solid fiscal framework, investments
in R&D and highly skilled workforce, I look forward to further
investments in Canada."
Canada's automotive industry is a key economic driver. It plays a
significant role in the economy, contributing 12 percent of
manufacturing GDP and 11 percent of total merchandise exports. The
industry employs approximately 111,000 Canadians directly and another
338,000 indirectly. Five major manufacturers currently assemble
vehicles in Canada: General Motors Company, Chrysler Group LLC, Ford
Motor Company, Toyota Motor Corporation and Honda Motor Company.
"Jobs, growth and economic prosperity continue to be our government's
top priorities. We are serious about auto manufacturing in Canada,
and the recently announced Automotive Innovation Fund underscores
that commitment in a big way," added Minister Paradis. "We are
ensuring Canada continues to be a centre of automotive innovation, a
place where the 'car of the future' is built."
Earlier this month, Prime Minister Harper announced the renewal of
the Automotive Innovation Fund (AIF), a five-year, $250-million
investment that was first introduced in Budget 2008. AIF investments
support leading-edge, innovative projects in automotive manufacturing
and R&D to develop advanced and greener products and processes. To
date, this highly successful program has leveraged up to $1.6 billion
in investments in Canada's auto sector.
Director of Communications
Office of the Honourable Christian Paradis
Minister of Industry
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