Canada, Ontario support auto investment
- June 10, 2015
The Federal and Ontario governments have created a sub-committee under the Canadian Automotive Partnership Council (CAPC) to promote investments in automotive manufacturing in Ontario.
The Canadian Automotive Partnership Council (CAPC) sub-committee is an industry-led organization that will examine and address competitive issues facing the Canadian automotive industry. It's comprised of the CEOs of Canada's five assemblers and leading parts suppliers, as well as representatives from Unifor, industry-related associations, auto research-focused academia and the federal and provincial (Ontario and Quebec) Ministers of Industry.
The Canadian Vehicle Manufacturers Association (CVMA) welcomed the news.
"Auto investment decisions have never been more globally competitive or complex," said Mark Nantais, president of the CVMA. "The announcement today illustrates the provincial and federal government's recognition of the importance of the Canadian auto manufacturing industry as a key economic contributor and the need to address global competitiveness issues. This announcement is a positive step forward to position Ontario as an attractive location for global auto investment decisions."
The announcement follows on a key recommendation from the recent CAPC report, "A Call for Action: II" to improve and enhance collaboration between levels of government to develop a clear and compelling case for investment in the Canadian auto industry.
The CAPC sub-committee will be chaired by Ray Tanquay, former chairman of Toyota's Canadian operations.
“I’m pleased to be a part of the team that recognizes the need for proactive leadership to effectively promote Ontario’s automotive positioning in the global market," said Tanquay. "Our auto industry remains strong, but we need to do more. As an advocate for our auto sector, I look forward to working with governments, CAPC and others to help Canada compete.”