Canadian Vehicle Manufacturers' Association (CVMA) issues statement supporting Ontario government's consultations on industrial electricity prices
TORONTO, March 28, 2019 /CNW/ - The President of the Canadian Vehicle Manufacturers' Association (CVMA) issued the following statement respecting the Ontario government's announcement to launch consultations on industrial electricity prices.
"In its plan for the future of the automotive industry, the Ontario government set out three pillars for action, the first of which was creating a more competitive business climate. In this context, today's announcement initiating consultation with the industrial sectors on ways to inform policy and address the uncompetitive electricity rates in Ontario is a welcome and timely step forward. The CVMA member companies look forward to providing advice and potential solutions to effectively manage and reduce electricity costs to help improve the competitive business climate for vehicle manufacturing in Ontario."
About the Canadian Vehicle Manufacturers' Association (CVMA)
The Canadian Vehicle Manufacturers' Association is the industry association that has represented Canada's leading manufacturers of light and heavy duty motor vehicles for more than 90 years. Its membership includes FCA Canada, Inc.; Ford Motor Company of Canada, Limited and General Motors of Canada Company. Collectively its members account for more than 50% of vehicles produced in Canada, operate 5 vehicle assembly plants as well as engine and components plants, and have over 1,300 dealerships. 130,000 jobs are directly tied to vehicle assembly in Canada. Direct and indirect jobs associated with vehicle manufacturing are estimated at over 500,000 across the country.
SOURCE Canadian Vehicle Manufacturers' Association (CVMA)
Mark Nantais, President, Canadian Vehicle Manufacturers' Association, 416.364.9333, 416-560-4005
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