August 31, 2011 – Magna International, Magna E-Car and the Ontario government plan to develop the next generation of clean vehicle technologies by creating 728 jobs and protecting another 1,337 jobs at the Aurora, Brampton, Concord and St. Thomas plants.

The company is launching several new projects, including:
• electric car concept development;
• parts for hybrid electric/battery electric vehicles;
• advanced lightweight metallic components;
• an alternate energy project; and
• advanced bio-based composite materials to reduce vehicle weight and improve fuel efficiency.

“We are delighted to receive support from Ontario to pursue our goal of transitioning Canada’s automotive design, engineering and manufacturing toward the clean economy. Our plan aligns with Ontario’s Auto Strategy, by supporting increased R&D and innovation, developing fuel efficient vehicles and technologies, and a pool of skilled auto professionals,” said Don Walker,
CEO of Magna International.

“The McGuinty government is proud to partner with Magna International, creating hundreds of jobs for our community. Magna is a global leader with a strong vision of producing the next generation of clean cars,” added Dr. Kuldip Kular,
MPP for Bramalea-Gore-Malton.

The province said it has kick-started the widespread availability of electric car charging stations, where Ontarians can receive between $5,000 to $8,500 for purchasing an electric vehicle and can also get “green license plates,” which allow drivers to use the province’s network of HOV lanes.