The automaker cites key agreements made with both the Ontario and Federal Governments as a main reason behind its
decision to up investment in Canada. DaimlerChrysler is the second largest vehicle producer in Canada, as well as of October, second in retail too.
"The support of the Ontario and Federal governments is instrumental in building the business case for new investments in our Canadian operations," said Tom LaSorda, Chrysler Group President and CEO. "With these new investments, DaimlerChrysler's Canadian manufacturing and R&D operations will continue to play a critical role in the company's global drive to achieving industry-leading products and benchmark operations. At the end of the day, this new investment is a combination of government involvement, a responsible new collective agreement with the Canadian Auto
Workers union (ratified in September 2005), and ultimately, the market response to the products the Chrysler Group manufactures in Canada."
In total, DaimlerChrysler will have invested close to $3.9 billion CAD (3.3 billion USD) in its Canadian operations when this $768 million (649 million USD) is spent, thanks to $2.6 billion CAD (2.2 billion USD) invested since 2002 and over $500 million CAD ($422 million) in R&D operations since 2000.
"More than 80 years after Walter P. Chrysler began operations in Canada, the Chrysler Group is proud to be Canada's second leading seller and manufacturer of vehicles - the majority of which are produced for export markets. The automotive industry has changed dramatically over the years, but DaimlerChrysler's automotive leadership role in Canada continues to grow," said Steven Landry, DaimlerChrysler Canada President and CEO. "It is a credit to the Ontario and Federal Governments that Canada is able to compete in the global automotive industry."
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| DaimlerChrysler Canada, which promises to invest a total of $768 million in its Canadian facilities, one of which builds the the 300C Touring wagon sold only in Europe, will now benefit from a larger pool of skilled workers. (Photo: DaimlerChrysler Canada) |
"The support of the Ontario and Federal governments is instrumental in building the business case for new investments in our Canadian operations," said Tom LaSorda, Chrysler Group President and CEO. "With these new investments, DaimlerChrysler's Canadian manufacturing and R&D operations will continue to play a critical role in the company's global drive to achieving industry-leading products and benchmark operations. At the end of the day, this new investment is a combination of government involvement, a responsible new collective agreement with the Canadian Auto
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| DaimlerChrysler, which builds Canada's best-selling minivan, made even more popular due to its innovative Stow 'n Go seating system, will have invested close to $3.9 billion CAD in its Canadian operations when this $768 million is spent. (Photo: DaimlerChrysler Canada) |
In total, DaimlerChrysler will have invested close to $3.9 billion CAD (3.3 billion USD) in its Canadian operations when this $768 million (649 million USD) is spent, thanks to $2.6 billion CAD (2.2 billion USD) invested since 2002 and over $500 million CAD ($422 million) in R&D operations since 2000.
"More than 80 years after Walter P. Chrysler began operations in Canada, the Chrysler Group is proud to be Canada's second leading seller and manufacturer of vehicles - the majority of which are produced for export markets. The automotive industry has changed dramatically over the years, but DaimlerChrysler's automotive leadership role in Canada continues to grow," said Steven Landry, DaimlerChrysler Canada President and CEO. "It is a credit to the Ontario and Federal Governments that Canada is able to compete in the global automotive industry."