FCA Secures $ 85 Mn Funding For Electric Hybrid Program

Fiat Chrysler Automobiles (FCA) Canada has joined hands with the Government of Ontario, Canada, for support in the production of its hybrid electric minivan, Chrysler Pacifica Hybrid. The announcement was made at the 20th Anniversary event at FCA Research Development Centre by Ontario Premier, Kathleen Wynne. Ontario will provide funds of up to $ 85.8 Mn to the company that will help it in expanding research at its Automotive Research and Development Centre in Windsor.
The investment will also assist FCA Canada in imparting advanced training to employees and carrying out plant upgrades for the production of Chrysler Pacifica, the company noted. Under the project, 1,200 new jobs will be created in addition to safeguarding the existing 4,000 jobs. Besides, thousands of jobs under the Ontario’s Automotive supply chain will also be benefitted directly or indirectly, the FCA said.
Kathleen Wynne, Premier of Ontario, said, “It’s no surprise that Fiat Chrysler chose Ontario for the production of its first-ever minivans using plug-in hybrid technology.” Ontario is a global leader in the auto sector, with competitive business costs, highly skilled workforce and commitment to sustainable innovation, she added. Wynne also said Ontario will continue to work with the auto industry, including its partners in Detroit, to support and encourage investment, employment and innovation in the industry.
The company has invested over $ 2 bn in its Canadian Operations and added over 1,200 new jobs, in the last 18 months, noted Reid Bigland, President and CEO, FCA Canada. He said FCA is grateful for the support of the Ontario government and appreciate its strong working relationship.
Author: Auto Tech Review