CVMA Statement on the Ontario Budget

March 25, 2021 STATEMENT

Statement by Brian Kingston, President & CEO of the Canadian Vehicle Manufacturers’ Association:

“Canada’s leading automobile manufacturers welcome today’s budget. Measures to support the automotive industry, responsible for over 100,000 direct jobs in Ontario, will help both the industry and the broader Canadian economy recover from this unprecedented downturn.”

“The CVMA applauds the creation of the new Ontario Vehicle Innovation Network to help accelerate the development of electric, autonomous and connected vehicles, and the commitment of $400 million to the Invest Ontario Fund to encourage investments in key sectors, including advanced manufacturing.”

“We have long advocated for comprehensive incentive and investment attraction programs to position Ontario to win job-creating investments. Maintaining our share of new automotive investments in North America requires a relentless commitment to competitiveness and investment attraction efforts. Today’s announcement to create the Invest Ontario Fund is a step in the right direction.”

For further information, please contact:

Canadian Vehicle Manufacturers’ Association
Office: 416.364.9333

About the Canadian Vehicle Manufacturers’ Association (CVMA)
The Canadian Vehicle Manufacturers’ Association is the industry association that has represented Canada’s leading manufacturers of light and heavy duty motor vehicles for more than 90 years. Its membership includes Ford Motor Company of Canada, Limited, General Motors of Canada Company and Stellantis (FCA Canada Inc). Collectively its members operate 4 vehicle assembly plants as well as engine and components plants, and have over 1,300 dealerships. 136,000 jobs are directly tied to vehicle assembly in Canada. Direct and indirect jobs associated with vehicle manufacturing are estimated at over 792,000 across Canada. Please visit