News
For Immediate Release
Cambridge
08/24/2011
Ontario Helps Dana Create Jobs In Cambridge And Oakville: McGuinty Government Supports Development Of Hybrid And Electric Vehicle Technology
NEWS
Ontario is helping Dana Holding Corporation develop leading edge battery cooling systems for hybrid and electric vehicles. The project will create 102 new jobs and protect an existing 53 jobs.
The company's innovative technology maintains an optimal temperature for the battery while driving and during charging, thereby maximizing the performance and life of the battery. Dana’s global R&D centre for battery cooling systems is located in Oakville and the company is collaborating with several Ontario universities to advance the technology.
Partnering with local business and supporting innovation is a key component of the McGuinty government’s plan to create and support new and existing jobs for Ontario families, and strengthen local economies.
QUOTES
“Our investments are helping to make Ontario a leader in the development and adoption of electric vehicles. We’re proud to support Dana in bringing new technology to market and creating jobs for Ontario families. The future of the global auto industry is being shaped right here in Ontario.”
– Sandra Pupatello, Minister of Economic Development and Trade
“We’re proud to work together with the business community to create jobs for Ontario families. Dana has been a fixture in Oakville since 1953. This investment ensures the company will continue to conduct leading edge automotive research right here in Ontario.”
– Kevin Flynn, MPP for Oakville
“Waterloo Region is home to a skilled workforce, renowned post-secondary institutions and a competitive business environment. It’s no wonder innovative companies, like Dana, continue to invest and create jobs right here in our community."
– Leeanna Pendergast, MPP for Kitchener-Conestoga
“We’re pleased to collaborate with the Province of Ontario to pursue technologies that reduce fuel consumption and emissions. Clean energy is a global need, and will require commitments from both public and private sectors to make alternative-energy vehicles more broadly available.”
– Dwayne Matthews, President of Power Technologies Group, Dana Holding Corporation
QUICK FACTS
- The province's vision is to have one out of 20 cars in Ontario electrically powered by 2020.
- Toyota recently announced it chose Woodstock, Ontario, as the place to manufacture the RAV4 EV (electric vehicle).
- In 2010, Ontario was named a top destination for foreign direct investment in North America, second only to California.
- As a result of the tax changes implemented in Ontario, including the HST, taxes on business investment were cut in half, making Ontario more competitive and encouraging business growth.
LEARN MORE
- Learn how Ontario is spurring the development and investment in electric car-charging stations.
- Find out more about Ontario's Electric Vehicle Incentive Program.
- Explore government-funded programs and services for Ontario businesses.
For more information:
Lauren Tedesco
Minister's Office
416-325-6909
Mark Ingram
Communications Branch
416-325-4776
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