Canada: Government of Canada invests in Honda

In an attempt to support and maintain middle-class jobs, as well as to develop and encourage clean technologies, the Government of Canada is investing CAD$41.8 million in Honda of Canada Manufacturing over the next three years. “Our government’s support for innovation in the auto sector is a key part of our plan to drive economic growth to create a better Canada. That means better jobs, better opportunities, and better living standards for all Canadians. This investment in Honda of Canada will bring significant economic and environmental benefits to Canada both now and in the long term. It will keep our industry competitive and ensure that well-paying middle-class manufacturing jobs stay in Canada,” stated the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development. The financing is offered via the Automotive Innovation Fund (AIF), which supports greener and fuel-efficient vehicle development projects.

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