GUELPH, Ont. — Linamar Corp. says it has signed offers with the federal and Ontario governments that may see them come collectively to speculate a mixed $1.1 billion in automotive know-how.
The Ontario authorities is offering a $100.3-million grant, whereas the federal authorities is making a contribution of as much as $169.4 million by the Strategic Innovation Fund.
Linamar says the investments shall be associated to each ongoing product analysis and growth in addition to new manufacturing tools.
The corporate says the funding will shield almost 10,000 present jobs and create greater than 2,300 new jobs within the Ontario automotive manufacturing sector.
Linamar govt chair Linda Hasenfratz says the participation of each ranges of presidency is a sign of their dedication to the Canadian automotive manufacturing sector.
The announcement comes as U.S. President Donald Trump talks about implementing punishing tariffs on U.S. imports of Canadian and Mexican items.
This report by The Canadian Press was first revealed Jan. 28, 2025.
Firms on this story: (TSX:LNR)
The Canadian Press
