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The Largest Independent Automotive Research Resource
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Supporting The Auto Industry In Toronto


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TORONTO--This morning Chrysler Group LLC announced a $27.2 million investment in its Toronto, Ontario casting plant, which produces front and rear crossmembers. Located underneath the motor vehicle, these essential components provide significant structural integrity to the vehicle.

This investment will help retain 280 jobs and keep the Toronto plant from shutting its doors.

Ontario's unprecedented support to the auto industry along with its five-year Open Ontario plan is positioning Ontario as one of the leading North American jurisdictions for auto manufacturing.

"The past few years have been tough for our auto industry and our auto workers. Our government stood by them, making some difficult decisions to ensure that the auto sector had a future here in Ontario. We're pleased to see signs of recovery and new investments being made in our province," said Sandra Pupatello, Minister of Economic Development and Trade.

"This is great news for our community, and for the 280 workers at the local Chrysler casting plant who now know that their jobs are secure. We look forward to continuing our long relationship with Chrysler in Toronto," said Laurel Broten, Member of Provincial Parliament.

QUICK FACTS

  • In 2009, Ontario industry produced 1.48 million automobiles which accounted for 10 per cent of Canada's total manufacturing output.
  • Ontario's auto sector remains a critical component of Ontario's economy, providing approximately 400,000 jobs throughout the province.
  • In June, 2010, Chrysler Canada's sales grew 101 per cent to 9,211 vehicles, marking its seventh consecutive month of more than 20 per cent growth.
  • As a result of business tax cuts and the move to a harmonized sales tax, the tax on business investment in Ontario is being cut in half, making Ontario businesses more competitive.

LEARN MORE

  • Get more information on how Ontario has supported the auto sector.
  • Read about Open Ontario, the government's five-year plan for the economy.
  • Check out government-funded programs and services for Ontario businesses.