Governments invest up to $100 million in Linamar
The governments of Ontario and Canada are partnering with Linamar to advance cutting-edge auto technology, boost research and development and help create up to 1,500 new jobs and retain about 8,000 others in the province.
Ontario is providing Linamar with a conditional grant through the Jobs and Prosperity Fund of up to $50 million as part of a project with overall eligible costs of up to $500 million.
The project will continue until 2024 with job commitments lasting until 2029.
The Government of Canada is providing matching funding towards the project.
The investment will help Linamar:
- manufacture next-generation transmission and drivetrain components and systems;
- build high-efficiency engine components;
- develop and produce electrified and connected vehicle technologies; and
- create a dedicated Innovation Centre focussed on artificial intelligence, machine learning, collaborative robotics and lightweight components.
