PM will be in Oakville today for auto industry announcement
Prime Minister Stephen Harper is expected to announce that Ottawa will provide 250-million dollars for car companies and suppliers as part of the Automotive Innovation Fund.
Harper will visit the Ford plant in Oakville today to announce a renewal of the five-year fund, established in 2008.
Government sources have said the fund has helped to generate 1.6 billion dollars of research-and-development and innovation projects.
They add Ottawa is renewing the fund to help the auto-manufacturing sector remain competitive and protect close to half a million direct and spinoff jobs linked to the auto industry.
But the renewal of the program comes amid a controversy over whether the government should continue to fund the Big Three after G-M announced it was moving production of the Camero from Oshawa to Michigan in 2015