GM to increase research and development in Canada by 2016

Article by Christian A., on July 27, 2012

General Motors aims to significantly increase research and development in Canada by 2016 as part of its commitment to boost those activities as part of its 2009 government bailout. GM spokeswoman Adria MacKenzie said that the company expects to spend $750 million for the next five years, or about $150 million annually, until 2016.

GM said that majority of the funds will be used on environmental technologies and on making the vehicle lighter. When GM received $10.5 billion (Canadian) from the federal and Ontario governments in 2009, the automaker pledged to use up around $1 billion between that period and 2016 for the research and development in Canada.

GM announced that it will be investing $834 million (C$850 million) in automotive research and development in Canada between 2009 and 2016.

In a statement, GM Canada said that the money will be used to boost the innovation and competitiveness of Canadian automotive suppliers, funding start-ups and investing in new types of automotive technology. The automaker made the announcement at the regional engineering center of GM Canada in Oshawa, in southern Ontario. In attendance were Canadian Prime Minister Stephen Harper and Finance Minister Jim Flaherty.

Topics: gm, canada

If you liked the article, share on:

Comments

Recommended

J.D. Power has officially released the 2017 Vehicle Dependability Study, an annual list of the most dependable brands in the auto industry. Once again coming on top is Lexus, the...
by - February 26, 2017
Citroen revealed that its entry to the Chinese market is moving forward with the planned release of the new generation C5. While still on sale on this part of the...
by - February 26, 2017
There is definitely a second-generation Super Series from McLaren. Even in camouflaged form, it is simply incredible. But while we still don’t have the full data on how truly dynamic...
by - February 25, 2017
A lot of fans are excited with the news that Porsche could be unveiling a performance version of its Panamera 4 E-Hybrid plug-in hybrid during the 2017 Geneva Auto Show. ...
by - February 25, 2017
Tesla is finally setting a more “definite” schedule with regards to the official launch of the Tesla Model 3 electric car. A “limited production” is said to be slated to...
by - February 25, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries