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Ontario to give Fiat Chrysler up to C$85.8 mln for training, research

Published 2016-06-15, 10:57 a/m
© Reuters. Ontario to give Fiat Chrysler up to C$85.8 mln for training, research
STLAM
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TORONTO, June 15 (Reuters) - The Canadian province of
Ontario said on Wednesday it will provide up to C$85.8 million
($66.5 million) to Fiat Chrysler Automobiles FCHA.MI to help
fund training and research.
Ontario, home to much of Canada's auto industry, said the
funding will support a joint Fiat Chrysler and University of
Windsor research and development facility as well as training
related to production of the Chrysler Pacifica minivan.
The new minivan, assembled in Windsor, Ontario, will be
available as a plug-in hybrid, a first for Chrysler in a
high-volume vehicle.
Fiat Chrysler failed to secure funding from the Canadian and
Ontario governments before retooling its Windsor assembly plant
to produce the Pacifica, publicly withdrawing an appeal for cash
in 2014 after negotiations threatened to become an election
issue in the province.
Ontario Premier Kathleen Wynne, who announced the funding on
Wednesday, referred to the episode as "the kerfuffle that we all
went through."
"We've been in conversation throughout that period, and I
think there was an understanding that this partnership was
important to both of us and we were going to find a way through
it," said Wynne.
Fiat Chrysler never said publicly how much it sought from
Canadian governments. One media report said it was looking for
C$700 million, but Fiat Chrysler Canada Chief Executive Reid
Bigland said on Wednesday he was not sure where that number came
from.
"It's never too little too late," Bigland said. "We're very
proud of the support and grateful for the support that we
receive from the province of Ontario.
($1 = 1.2902 Canadian dollars)

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