The second-largest auto parts manufacturer in Canada, Guelph-based Linamar Corporation, has announced a $1.1-billion investment into domestic green auto manufacturing with the backing of the federal and Ontario governments.
Guelph, Ont.-based auto parts manufacturer Linamar Corporation announced Tuesday it is expanding its operations across the province and creating thousands of jobs by investing $1 billion into the automotive industry.
Linamar Executive Chair Linda Hasenfratz says the investments will allow the company to maintain its leadership position for “every type of vehicle propulsion.”
Linamar Corporation (TSX: LNR) today announced that it has reached agreements with both the Canadian Government and the Ontario Provincial Government on an investment program that will see the company heavily invest in technologies and manufacturing capabilities in preparation for the future of Mobility.
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Guelph, Ont.-based Linamar Corp. says it will spend $1.1 billion at a series of facilities across Ontario so it can produce the next generation of “propulsion agnostic” automotive parts.
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