Goodyear Canada is planning to spend more than $575 million to expand and modernize an eastern Ontario plant to produce electric vehicle and all-terrain tires and make its processes more energy efficient.
Prime Minister Justin Trudeau and Premier Doug Ford were on hand for an announcement Monday at the factory in Napanee, and the project is getting financial support from both levels of government.
The email you need for the day’s
top news stories from Canada and around the world.
Get daily National news
Get the day’s top news, political, economic, and current affairs headlines, delivered to your inbox once a day.
Goodyear is set to receive up to $44.3 million from the federal Strategic Innovation Fund and $20 million through the provincial Invest Ontario.
The project is expected to create 200 new jobs by 2027.
It should also get the plant to net-zero emissions by 2040.
Trudeau says Goodyear’s announcement is another vote of confidence in Canada’s auto sector workers.
© 2024 The Canadian Press