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Canada grants $11.5 million to develop new automotive technologies.

New Ford vehicles are seen at a parking lot of the Ford factory in Sao Bernardo do Campo February 12, 2015. Automobile sales in Brazil this year are expected to post their biggest drop in 16 years, underscoring the depths of an industry crisis that has triggered layoffs and trade tensions, national dealership association Fenabrave said on March 3, 2015. New registrations are expected to fall 10 percent from a year earlier and could reach their lowest level since 2009, following steep drops in January and February.Sales of cars, trucks and buses tumbled 28 percent in February from January, Fenabrave reported on Tuesday. January sales had plunged 31 percent from December. Brazilian consumer and business confidence is crumbling as rising interest rates and accelerating inflation squeeze household budgets, choking off one of the few sources of economic growth in recent years. Picture taken February 12, 2015. (Paulo Whitaker/Reuters)
Posted: June 28, 2017 at 8:45 am   /   by   /   comments (0)

Canada intends to create up to 80 automotive sector jobs in British Columbia, Ontario and Quebec as a result of a recent $11.5 million investment made by the country’s government.

The announcement was made at the beginning of June by Navdeep Bains, Canada’s Minister of Innovation, Science and Economic Development. The funding will support six new projects that are expected to develop lighter, more fuel-efficient cars that produce less air pollution and emit fewer greenhouse gases.

Minister Bains made the announcement at Datec Coating in Mississauga, Ontario, which supplies heating solutions to the automotive sector. The company will receive up to $1.3 million to develop technologies that will improve heating management systems for vehicle cabins, lithium-ion batteries and engine fluids for use in electric and hybrid cars.

The other companies receiving funding are: Tyromer of Windsor, Ontario (up to $3.4 million) for recycled scrap rubber applications in seal car windows and doors; Eurospec Manufacturing in Newmarket, Ontario (up to $1.7 million) for development of an automotive seat adjustment mechanism; Loop Energy in Burnaby, British Columbia (up to $787,000) for fuel cell development; TM4 in Boucherville, Quebec (up to $4 million) for a low-cost, high-performance electric engine for light trucks; and Advanced Technology Emission Solutions in Hamilton, Ontario (up to $272,000) for a catalytic converter design that reduces greenhouse gas emissions from car tailpipes.

The funding is being allocated through the Automotive Supplier Innovation Program, which supports R&D activities by companies that provide components, parts and production systems for cars of the future. The investment is part of the Canadian governments’ Innovation and Skills Plan, which aims to make the country a global center for innovation.

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