CVMA Encouraged by Ontario Budget but Looks for More Action on Electricity Rates
TORONTO, March 28, 2018 /CNW Telbec/ - The President of the Canadian Vehicle Manufacturers' Association, Mark Nantais, provided the following statement in response to the release of the Ontario Budget today:
"We are encouraged by the long term focus on building Ontario's talent advantage and increasing STEM graduates, along with important investments in infrastructure to meet the evolving future needs of the transportation system. However, it is disappointing that the Budget failed to address Ontario's serious growing competitiveness challenge associated with high electricity costs for Class A industrial users including auto manufacturers".
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 Fiat Chrysler Automobiles (FCA) Canada, Inc.; Ford Motor Company of Canada, Limited and General Motors of Canada Company. Collectively its members account for approximately 60% 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.
SOURCE Canadian Vehicle Manufacturers' Association (CVMA)
Mark Nantais, President, Canadian Vehicle Manufacturers' Association, 416.364.9333, 416-560-4005
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