Vehicle manufacturers applaud subsidy extension

The Canadian Vehicle Manufacturers Association (CVMA) says it is welcoming the Government of Canada’s commitment to support innovation and new investments in Canada’s auto industry.

“With today’s announcement, Canada’s auto industry is better positioned to compete and win new investment which will help to drive the economy and create more opportunities for Canadians,” said Mark Nantais, president of the CVMA, in a statement.

“This announcement demonstrates the government’s continued recognition of the importance of the auto sector, which remains Canada’s largest manufacturing industry and manufacturing exporter.”

The CVMA also says that with up to nine jobs linked to each automotive assembly job, communities across Canada will benefit from additional investment through related manufacturing and services employment.