Canada's updated $500-million auto incentive fund called 'better' than Mexico's, U.S.

Canada now has a government-funded incentive program available to the automotive industry that is at least as good as Mexico’s and perhaps better than those available in the Southern United States, says Canada’s auto czar Ray Tanguay.

The federal Liberal government on Monday implemented changes to the Automotive Innovation Fund that now allows automakers, suppliers and research and development companies to draw conditional government grants that do not require repayment on an annual pool of about half a billion dollars per year.


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