Linamar invests $1B to expand operations and develop EV technologies
The company's expansion will help to develop key components for the automotive supply chain, including powertrain solutions and technologies for hybrid and electric vehicles (EVs).
The announcement was made Tuesday morning at the Frank Hasenfratz Centre for Excellence in Manufacturing in Guelph.
"We have close to a billion dollars of work that we are launching right now in our Canadian facilities and we are continuing to quote on record levels of new business opportunities," Linamar's executive chair Linda Hasenfratz said at the announcement.
"We expect to generate about $1.5 million of sales from those business wins over time and the opportunities that we are continuing to pursue."
The funding will also accelerate advancements in parts manufacturing and semiconductor packaging methods for EV batteries. This will include enhancing vehicle ranging, improving efficiency and reducing charging times.
Federal Minister of Innovation, Science and Industry François-Philippe Champagne was at the announcement.
"This is great news for the industry, great news for the environment and it's also great news for the workers and communities in Guelph, Saltford, Wellend and Windsor," he said.
Ontario's Minister of Economic Development, Job Creation and Trade Vic Fedeli was also in attendance at the announcement and said the province will support the expansion with a further $100 million investment.
"With their $1 billion investment, Linamar will create more than 2,300 new, good paying jobs and help ensure our workers remain equipped to develop the innovative technologies of tomorrow," he said.
As part of the investment, Linamar also plans to expand the production of eAxle systems and support ongoing advancements in developing hydrogen fuel cell and battery storage technologies.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Toronto Sun
13 minutes ago
- Toronto Sun
Saskatchewan Premier Moe, federal minister to meet on China canola tariff
Published Aug 21, 2025 • 1 minute read Saskatchewan Premier Scott Moe holds a press conference after the first ministers' meeting at TCU Place in Saskatoon, Sask. on Monday, June 2, 2025. Photo by Michelle Berg / Postmedia Network SASKATOON — Saskatchewan Premier Scott Moe is set to meet today with federal Agriculture Minister Heath MacDonald, along with industry groups, to discuss the steep Chinese tariff on Canadian canola seed. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Kody Blois, the parliamentary secretary for Prime Minister Mark Carney, and Saskatchewan Agriculture Minister Daryl Harrison are also to attend the meeting in Saskatoon. A press conference is scheduled following the discussion. China imposed the tariff of nearly 76 per cent last week, causing the price of one of Canada's most valuable crops to fall and wiping out millions of dollars in its value. It comes one year after China launched an anti-dumping investigation into Canadian canola, a move in response to Canada's 100 per cent tariff on Chinese electric vehicles. Farmers and Ottawa have rejected the dumping claim, saying exporters have followed rules-based trade. Read More Sunshine Girls Sunshine Girls Columnists Toronto Maple Leafs Toronto & GTA
Toronto Star
42 minutes ago
- Toronto Star
Xali Gold Updates after Filing Annual Financial Statements
VANCOUVER, British Columbia, Aug. 21, 2025 (GLOBE NEWSWIRE) — Xali Gold Corp. (TSXV:XGC) ('Xali Gold' or 'the Company') is pleased to advise that the Company filed its audited annual financial statements, accompanying management discussion and analysis, and CEO and CFO certifications for the financial year ended March 31, 2025 (the 'Annual Filings') in accordance with applicable Canadian securities laws on August 16, 2025. The Annual Filings are available both under the Company's profile at as well as on the Company website under Investors – Financial Reports. The TSX Venture Exchange ('TSX.V') is currently conducting a Listing Review of Xali Gold, which is a normal part of the review process after trading has been halted in a Company. The Company is working to resume trading as soon as possible. In connection with the Listing Review, the Transfer Agent and Registrar for Xali Gold have confirmed that the Company is in good standing with Computershare Investor Services Inc.
Toronto Star
42 minutes ago
- Toronto Star
Western Communities Foundation Donates $25,000 to Canadian Red Cross to Support Wildfire Relief Across Canada
HIGH RIVER, Alberta, Aug. 21, 2025 (GLOBE NEWSWIRE) — In response to one of the most destructive wildfire seasons in Canadian history, Western Communities Foundation (WCF), the charitable arm of Western Financial Group, is donating $25,000 to the Canadian Red Cross to support urgent emergency relief efforts across Canada. This contribution will help provide critical aid to communities impacted by wildfires, particularly in Saskatchewan, Manitoba, and the Atlantic provinces, where the need is especially urgent. With more land burned this year than in any other season except one, timely support is essential to help affected communities recover. In addition to this national support, WCF is partnering with Huestis Insurance Group to provide an additional donation to the Bridgetown Volunteer Fire Department and the West Dalhousie Community Hall Association. This contribution will help supply meals for 300 firefighters actively battling wildfires in Bridgetown and West Dalhousie, Nova Scotia. These frontline responders are working tirelessly to protect lives, homes, and natural landscapes in the region.
