General Motors (GM) of Canada announced today that it is investing nearly $1 billion in research and development (R&D) in Canada.
The investment of $850 million will contribute to maintain GM as one of the leaders in technology and innovation in Canada. One of the important parts of this is the company’s Canadian Engineering Centre, in Oshawa.
“Since 2009 alone, employees at our Canadian Engineering Centre have generated nearly 100 records of invention which allows us to offer better solutions for our customers, helping GM to design, build and sell the world’s best vehicles,” said GM Canada president Kevin W. Williams.
The nearly $1-billion investment covers a period between 2009 and 2016 and will work to develop “game-changing technologies for tomorrow’s vehicles,” added Williams. The investment will focus primarily on three specific areas, said Williams – developing lightweight materials, intelligent transportation systems and environmental technologies.
The commitment will see GM Canada investing in new streams of state-of-the-art advanced technology research at the Canadian Engineering Centre, making the Oshawa facility an integral part of GM’s global engineering and R&D network. The company will also continue to enhance partnerships with automotive suppliers, including new co-development projects and opportunities for new companies to access funding through GM Ventures. General Motors will further develop relationships with Canadian universities and institutes, such as the Automotive Centre of Excellence at the Ontario University Institute of Technology, in Oshawa.
“We are encouraged that GM is making important investments in the future of the auto sector and manufacturing in Canada,” said Prime Minister Stephen Harper. “Such investments in R&D bring long-term benefits to Canada, driving made-in-Canada innovation and increasing our ability to compete internationally and creating high-paying, stable jobs.”
“GM’s continued investment in research and development will no doubt create even more good jobs down the road,” Ontario Premier Dalton McGuinty said.
The GM Canada president concluded saying, “There’s a new passion, new creativity and new energy at General Motors.”