Securing Global Competitive Edge for Ontario's Auto Sector
Canada and Ontario Drive Creation of New Automotive Investment Committee
The Ontario and Canadian governments are taking bold, proactive action in the auto sector to attract additional investment, create jobs, and ensure Ontario excels in the increasingly competitive global auto market.
The province, the Canadian Automotive Partnership Council (CAPC) and the federal government collaborated to create a new CAPC sub-committee to promote Ontario's auto sector in the competitive global marketplace.
Ray Tanguay, former Chairman of Toyota's Canadian operations and one of the industry's strongest and most successful advocates, will chair the committee to advise both governments and business.
Under the Chair's leadership, the committee will provide both governments with strategic advice in the attraction of incremental automotive investment in the province, while positioning Ontario's automotive sector for long-term success.
- The new committee will be comprised of seasoned auto executives from major auto companies with operations in Ontario.
- Ontario is number one in North America for vehicle production and is the only sub-national jurisdiction to have five major global automotive assemblers: Chrysler, Ford, General Motors, Honda and Toyota, as well as truck manufacturer Hino.
- Ontario is intensely competing for new auto investments against several low wage jurisdictions, who continue to provide lucrative incentives to businesses.
- In 2014, the auto sector contributed over $16 billion to Ontario’s GDP.
- Ontario assembly plants produced nearly 16 per cent of North American vehicle production over the last five years.
“Ontario’s auto sector is a cornerstone of our economy — a key source of our ability to export, innovate and create jobs. In this highly competitive global economy, we need to drive further investment and ensure the sector remains strong. I am confident that this new partnership, with Ray Tanguay’s strategic advice and leadership, will allow Ontario to increase our competitiveness, productivity, and market share in the auto sector, and I look forward to their important work contributing to a more prosperous, innovative Ontario economy.”
“Today, working in close collaboration with the industry, the Government of Canada and the Government of Ontario are taking clear, proactive action to strengthen the future of Canada's auto sector as the destination for auto investment. Ray Tanguay, considered one of the most respected auto executives in the industry today, will provide crucial advice on potential new automotive mandates for Canada. I look forward to hearing his advice and counsel to strengthen our economy and create jobs in Canada’s auto sector.”
“Members of the Canadian Automotive Partnership Council (CAPC) are pleased that the Ontario and Federal ministers are supporting the creation of a sub-committee of CAPC to provide advice and assistance for the automotive industry in Canada. Mr. Ray Tanguay, who has a wealth of knowledge in the automotive industry and is a passionate Canadian advocate, will fill the role as Chair of this sub-committee. The members of CAPC will work together with governments in establishing the new committee. This is a milestone in uniting the automotive industry and government in efforts to strengthen the competitiveness of the auto sector in Canada so it can continue to create high-quality jobs and attract new investment.”
“I’m pleased to be a part of the team that recognizes the need for proactive leadership to effectively promote Ontario’s automotive positioning in the global market. Our auto industry remains strong, but we need to do more. As an advocate for our auto sector, I look forward to working with governments, CAPC and others to help Canada compete.”