Goodyear Expanding Canadian Plant to Make EV Tires
Goodyear Tire and Rubber Company announced Monday a $575 million dollar to expand Ontario plant to make tires for electric vehicles.
The $575 million project, which will add 200 jobs to the Napanee, Ontario site, is backed by Ottawa and the province of Ontario which are pitching in a combined additional $64 million for its construction.
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Prime Minister Justin Trudeau's liberal government has been agressively investing in the auto sector's transition to EVs, with the private sector investing $46 billion in the last four years to batteries and electric vehicle (EV) manufacturing as well as critical minerals mining.
Canada's strategy, which has enticed Honda, Volkswagen, Stellantis and others with subsidies, follows that of the neighbouring United States, whose Inflation Reduction Act has provided a host of incentives for carbon-neutral projects.
At a news conference Trudeau underlined Canada's “abundant clean energy and a commitment to serious climate action, access to critical minerals and other natural resources, stable and reliable, democratic institutions, strong trade relationships, and skilled workers."
The Prime Minister also added that Goodyear plans to manufacture an additional two million tires at the Napanee facility.
“Companies from across the world are choosing Canada. Today’s announcement that Goodyear is modernizing its Napanee plant will create manufacturing jobs, grow our EV industry and use modern technology to keep our air clean. It’s another vote of confidence in Canada’s auto sector workers.”