Europe’s largest automaker, Volkswagen, is making big moves towards building a sustainable future with the announcement of its subsidiary, PowerCo, establishing an electric vehicle (EV) battery manufacturing facility in St. Thomas, Ontario, Canada. This is a significant investment in the Canada’s automotive industry, with the potential to create jobs and boost economic growth in theContinue reading “Volkswagen to Establish EV Battery Manufacturing Facility in Ontario”
Tag Archives: Investment
2023 Ontario Automotive Investment Could Be Better Than 2022
Ontario Minister of Economic Development Vic Fedeli predicted that 2023 Ontario automotive investment could be better than 2022. Vic reviewed on the province’s automotive successes of 2022 when guesting at the ANC’s Podcast and explained why the government now believes in financially assisting automakers.
Automotive Industry Analysis 2021
The Canadian automotive industry faced significant challenges in 2021 due to the ongoing pandemic, but has shown signs of recovery as the year progressed, with production and sales both showing improvement. Additionally, the industry continues to innovate and invest in new technologies, positioning it well for the future.
Automotive Industry Analysis 2020
The Canadian automotive industry faced significant challenges in 2020 due to the ongoing COVID-19 pandemic. The industry saw a decline in production and sales, as well as a shift in consumer demand towards electric and hybrid vehicles. Despite these challenges, the industry has continued to innovate and make progress in the development of electric vehiclesContinue reading “Automotive Industry Analysis 2020”
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