Ontario, Canada Plugs into Clean Cars, Helps Magna Develop Next Generation of Electric Vehicle Technologies

TORONTO, Ontario, Canada--September 1, 2011: is helping Magna International and Magna E-Car develop the next generation of clean vehicle technologies creating 728 jobs and protecting another 1,337 jobs at Magna's Aurora, Brampton, Concord and St. Thomas plants.

“We are delighted to receive support from Ontario to pursue our goal of transitioning Canada's automotive design, engineering and manufacturing toward the clean economy. Our plan aligns with Ontario's Auto Strategy, by supporting increased R&D and innovation, developing fuel efficient vehicles and technologies, and a pool of skilled auto professionals.”

With the government's support, the company is launching a number of new projects including:

• electric car concept development;
• parts for hybrid electric/battery electric vehicles;
• advanced lightweight metallic components;
• an alternate energy project; and,
• advanced bio-based composite materials to reduce vehicle weight and improve fuel efficiency.

QUOTES

"Ontario has always been the province that leads by determining where we need to be and working to make that happen. Our government's investment in Magna International and Magna E-Car is one way we are making the future happen now."
Sandra Pupatello, Minister of Economic Development and Trade

"We are delighted to receive support from Ontario to pursue our goal of transitioning Canada's automotive design, engineering and manufacturing toward the clean economy. Our plan aligns with Ontario's Auto Strategy, by supporting increased R&D and innovation, developing fuel efficient vehicles and technologies, and a pool of skilled auto professionals."
Don Walker, CEO, Magna International

QUICK FACTS

• Magna International, based in Aurora, Ontario, is the largest automotive supplier in North America and a top five global supplier.
• Magna is Ontario's leader in automotive R&D and employs 17,900 Ontarians in 44 plants across the province.
• Ontario's vision is to have one out of 20 cars in Ontario electrically powered by 2020. The province has kick-started the widespread availability of electric car charging stations.
• Ontario residents can receive between $5,000 to $8,500 for purchasing an electric vehicle and can also get "green license plates," which allow drivers to use the province's network of HOV lanes.