GLOBE-Net, August 29, 2011 - The Ontario
government is helping Magna International and Magna E-Car develop the next generation of
clean vehicle technologies.
The move is expected to create 728 jobs and protecting another
1,337 jobs at Magna's Aurora, Brampton, Concord and St. Thomas
plants.
With the government's support, the company is launching a number
of new projects, including:
- electric car concept development;
- parts for hybrid electric/battery electric vehicles;
- advanced lightweight metallic components;
- an alternate energy project; and,
- advanced bio-based composite materials to reduce vehicle weight
and improve fuel efficiency.
Magna International, based in Aurora,
Ontario is the largest automotive supplier in North America and a
top five global supplier. It is also Ontario's leader in
automotive R&D and employs 17,900 Ontarians in 44 plants across
the province.
"Ontario has always been the province that
leads by determining where we need to be and working to make that
happen. Our government's investment in Magna International and
Magna E-Car is one way we are making the future happen now,"
said Sandra Pupatello, Minister of Economic Development and
Trade
Ontario's vision is to have one out of 20 cars in Ontario
electrically powered by 2020. The province has kick-started the
widespread availability of electric car charging stations - making
it more convenient for families to choose electric cars.
Another incentive for Ontario drivers to buy clean cars is a
rebate of between $5,000 to $8,500 for purchasing an electric
vehicle and can also get "green license plates," which allow
drivers to use the province's network of HOV lanes.
"We are delighted to receive support from Ontario to pursue our
goal of transitioning Canada's automotive design, engineering and
manufacturing toward the clean economy," said Don Walker, CEO,
Magna International.
"Our plan aligns with Ontario's Auto Strategy, by supporting
increased R&D and innovation, developing fuel efficient
vehicles and technologies, and a pool of skilled auto
professionals," he added.