Ontario A World Leader In Auto Parts
McGuinty Government Celebrates Industry Success And Innovation
Ontario's auto parts industry is growing. Companies across the province now employ more than 55,000 people - a 10 per cent increase since the 2009 recessionary low - and are well positioned to capture a growing share of the $1.1 trillion global automotive parts market.
Ontario is home to some of the most innovative auto parts companies in the world. With their support, Ontario has become a leader in the auto sector, producing more vehicles than any other state or province in North America since 2004.
Some examples of Ontario auto parts innovation:
- Ontario's Centre for Research and Innovation in the Bio-Economy is partnering with Magna Exteriors and Interiors of Concord to develop technology to use wood fibres in auto parts. The parts will be more sustainable, lighter and cost less to make.
- Support through Ontario's Eastern Ontario Development Fund, is helping Autosystems build a global research and development centre for advanced vehicle lighting in Belleville and upgrade its Belleville plants to manufacture the new systems.
- Dana Holding Corporation has its global research and development centre for battery cooling systems in Oakville and its global manufacturing centre for these systems in Cambridge.
Providing the right climate to attract investment and drive innovation in the auto sector is part of the McGuinty government's plan to create jobs and strengthen the economy. A strong economy helps protect the services that mean most to Ontario families - health care and education.
- This year, the Automotive Parts Manufacturers' Association (APMA) celebrates its 60th anniversary and today marked the opening of the 2012 APMA Annual Conference and Exhibition.
- More than 85,000 people are directly employed in Ontario's automotive sector in either vehicle assembly or parts production, and about 400,000 jobs are supported by the industry throughout the province.
- In 2011, more than 121,000 jobs were created in Ontario - with full-time employment increasing by 123,400.
- In 2011, Ontario ranked first of all major jurisdictions in North America in foreign direct investment per capita, according to fDi Intelligence.
- Ontario has cut taxes on business investment in half, making the province more competitive and encouraging new business investments.
“Ontario's auto parts sector is integral to the strength of our automotive industry as a whole. Working together, we can ensure Ontario's position as a leading auto parts innovator and manufacturer.”