Industry Minister discusses future of Canadian auto sector with industry leaders at North American International Auto Show
January 13, 2015 – Detroit, Michigan – Industry Canada
Industry Minister James Moore today promoted Canada as a great place to build cars while meeting with the automotive industry during a visit to the North American International Auto Show (NAIAS) in Detroit, Michigan. The Minister highlighted the Harper government's decisions that make Canada the most attractive country in the world for investment, including:
- creating and renewing the Automotive Innovation Fund (AIF), leveraging up to $2.3 billion in research and development in Canada's auto industry;
- opening new markets for Canadian products and services by signing trade deals with 38 countries, including the European Union, that will provide Canadian businesses with market access to over half the global marketplace; and
- reducing Canada's federal corporate income tax rate to 15 percent, well below the comparable rates of most other G7 countries.
Minister Moore also toured the NAIAS floor. He saw first-hand the breakthrough technologies and fresh designs traditionally associated with one of the largest gatherings of the global automotive industry.
Office of the Minister of Industry