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Flavio Volpe, President of Automotive Parts Manufacturers Association, says changing the financing program for car companies is crucial, as he stressed in a letter to Prime Minister Justin Trudeau. (Michelle Siu For The Globe and Mail)
Flavio Volpe, President of Automotive Parts Manufacturers Association, says changing the financing program for car companies is crucial, as he stressed in a letter to Prime Minister Justin Trudeau. (Michelle Siu For The Globe and Mail)

Canadian auto parts makers urge Ottawa to revamp funding Add to ...

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Canada’s auto parts makers are urging the federal government to change the way it offers financing to car companies, saying the current program does not encourage auto makers to invest in Canada.

The Automotive Parts Manufacturers’ Association of Canada has joined vehicle manufacturers in recommending that the Automotive Innovation Fund – set up by the previous Conservative government, but extended under the Liberals – offer grants to car companies instead of loans that are taxable.

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