Ontario and the federal government have partnered to give over $100M in funding to Linamar to manufacture new automotive parts.
The funding will help create 1,200 new jobs at the Guelph, Ont., plant with a focus on creating new, more environmentally friendly transmissions, said Minister of Transportation Lisa Raitt during a press conference Monday.
"Canada really is a great place to build cars and our government is serious about supporting this industry," said Raitt.
The funding will be complimented by an internal investment from Linamar of $400 million.
The company's CEO Linda Hasenfratz said the investment will go into a variety of programs, including research and development, and the purchase of new equipment.
Hasenfratz said in addition to transmissions, Linamar would be investing in engine and drive lines as well.
"Being innovative, staying a step ahead is how we win business," she said.
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