ANNOUNCEMENT 15 Sep 2013In September 2013, the government of Canada announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
See 'Ford steers to the future with $700M investment,' at http://www.insidehalton.com/news-story/4113187-ford-steers-to-the-future-with-700m-investment/.
Ford Motor's Canadian subsidiary announced on September 19, 2013 that it is investing $700 million at its Oakville assembly plant in Ontario. This includes a subsidy of $71.6 million provided by the federal government's Auto Innovation Fund and a subsidy of of $70.9 million from the provincial government of Ontario.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.