Ontario government invests in auto parts companies
March 31, 2021
Maryam Farag
Funding awarded so far will leverage $25.8 million in industry investments.
“The Canadian and Ontario auto industries have a generation-defining opportunity to lead in the design, engineering and manufacture of modern vehicle technologies, zero emissions, light-weight, connected and autonomous,” said Flavio Volpe, President, Automotive Parts Manufacturers Association. “The targeted investments of the Ontario Automotive Modernization Program will assist our ambitious and innovative auto parts companies stay at the leading-edge of technology and innovation.”
O-AMP was launched in September 2019 as part of Driving Prosperity: The Future of Ontario’s Automotive Sector. The program was designed to help small-and-medium-sized automotive parts suppliers get stronger and faster by investing in technology adoption and/or training in lean manufacturing.