Multimatic race engineers Leena Gade and Teena Gade will provide engineering services. Both have served as engineers for race teams, including for Audi in the World Endurance Championship and Williams, Force India and AlphaTauri in Formula One.
Automotive & Auto Tech (page 3)
Markham Headquartered Multimatic Selected as the Production Partner for the New 2023 Ford Bronco DR Race SUV Priced at $300K
What’s interesting for us Canadians is that Ford has secured Multimatic as its production partner. The Markham, Ontario company already manufactures the Ford GT supercar, which is bowing out after the 2022 model year, and will next focus on this wild Bronco creation.
Federal Government Announces New Targeted COVID-19 Business Support
The Government of Canada has confirmed that certain existing income and business support programs will end on October 23, 2021, as previously announced. This includes the Canada Emergency Wage Subsidy and the Canada Emergency Rent Subsidy.
Building Electric Vehicles for the Future, Using Apps to Track Carbon Footprints, and Enhancing Race Car Components: York Region’s Autotech Sector Continues its Rise
In the latest #YRtech blog, we roundup some of the most notable news coming out of York Region’s auto tech and auto parts sector. See what’s in store for the future of automotive innovation!
York Region’s Regional Innovation Centre, ventureLAB, Releases 2020 Annual Review
Despite the economic and business challenges of COVID-19, ventureLAB program companies and alumni made an outstanding impact in 2020. From the launch of Tech Undivided and the Hardware Catalyst Initiative, discover everything else that this regional innovation centre supported in their 2020 Annual Review.
York Region Headquartered Magna and LG Sign Joint Venture Agreement and Announce Leadership Team
The creation of the joint venture unifies Magna’s strength in electric powertrain systems and world-class automotive manufacturing with LG’s expertise in component development for e-motors and inverters.
York Region’s Multimatic Has Set the Pace for Damper Tech Since the 2000s, and it’s Far From Done
Enthusiasts know Multimatic as a key partner in the 21st-century Ford GT and GT Mk II or from Aston Martin’s Valkyrie hypercar, but OEMs know the Ontario-based company as a Tier 1 supplier for components that range from door checks to tailgates.
York Region Headquartered Magna Earns Six 2020 General Motors Supplier of the Year Awards, Two Straight Years
For the second year in a row, Magna received six Supplier of the Year awards from General Motors, the most ever for a supplier in a single year according to the automaker.
Richmond Hill Headquartered Facedrive’s EcoCRED App Piloted by the Department of Parks and Recreation in Prince George’s County, MD
This Pilot Project is aimed at advancing the mission of the Department of Parks and Recreation to conserve and protect the natural spaces and species in the county through sustainable practices.
Porsche, Audi Partner with Markham Headquartered Multimatic for LMDh Chassis
Porsche and Audi will both build their LMDh cars around a Multimatic LMP2 chassis when the brands make their return to top-flight sportscar racing, including the Le Mans 24 Hours, in 2023.
Markham-based Xperigo Honoured as a 2021 Best Workplaces™ for Women!
“Xperigo’s commitment to gender equality goes beyond just signing the Women’s Empowerment Principles . Our entire senior leadership team is committed to taking the necessary actions to continually advance gender equality.”
Porsche Centre Markham opens at CF Markville Mall
Porsche Centre Markham, Canada’s newest Porsche dealership, is now open on the site of CF Markville Mall – the first car dealership in Canada fully-integrated with a regional shopping centre.
Vaughan Headquartered Martinrea International Inc. Announces Joint Venture With NanoXplore to Develop Electric Vehicle Batteries Enhanced With Graphene
Vaughan headquartered Martinrea International Inc. announces joint venture with NanoXplore to develop electric vehicle batteries enhanced With graphene
Factory Near Toronto Could Start Making An Electric Vehicle That Will Cost Only $4k
An automotive company near Toronto has released plans to begin working on a small, three-wheel electric vehicle.
Georgian College and Markham Headquartered Hyundai Canada Forge Partnership to Support Black and Indigenous Automotive Business Students
Hyundai Canada is making a bold and powerful commitment to Georgian and the Automotive Business School of Canada (ABSC) by investing more than $250,000 over seven years to support Black and Indigenous automotive students.
Frank Stronach Seeking MZO for Stouffville Electric Vehicle Factory
Stronach is looking to build a new headquarters for his SARIT (Safe Affordable Reliable Innovative Transport) three-wheeled electric vehicle, just east of the Highway 404 exit on Aurora Road in Whitchurch-Stouffville.
Markham Headquartered Hyundai Canada Named One of the 2021 Best Workplaces™ for Women by Great Place to Work®
Hyundai Auto Canada Corp. (HAC) is proud to announce that it has been named on the 2021 list of Best Workplaces™ for Women.
Bell and Markham Headquartered Honda Canada Announce New Connected Car Partnership
Bell and Honda Canada today announced that new Honda and Acura vehicles are now equipped with built-in Wi-Fi hotspots that enable drivers and their passengers to stay fully connected online, safely and hands-free, while on the open road.
New Electric Vehicle Chargers Coming to King Township
King Township will be getting a boost from the federal government, to install electric vehicle chargers across the municipality.
Highly Affected Sectors Credit Availability Program | COVID-19 Funding Spotlight
Qualified small to medium-sized Canadian businesses can receive from $25,000 to $1 million in HASCAP loans, and larger organizations with multiple locations such as a chain of restaurants or hotels can receive up to $6.25 million in funding support.
Ontario Expands Eligibility for Main Street Relief Grant
The Ontario government is expanding the number of small businesses that can apply for the Main Street Relief Grant to help offset the costs of purchasing personal protective equipment (PPE) to cautiously and gradually reopen in parts of the province. Small businesses with 2 to 19 employees in all eligible sectors
Ontario Small Business Support Grant | COVID-19 Funding Spotlight
The Ontario Small Business Support Grant will grant small businesses between $10,000-$20,000 to help cover decreased revenue expected as a result of the provincewide lockdown.
The Hardware Catalyst Initiative in York Region: Powering the Future of Canadian Hardware
The HCI, which launched in February 2020, is designed for start-ups that are building solutions for artificial intelligence, the Internet of Things, wearable computing, 5G, and other transformative technologies.
2020 Look Back: Our Top 15 York Region Business Community News Stories
2020 was a challenging year for the business community, but there were still moments worth celebrating. Check out our Top 15 list.
Aurora Headquartered Magna Signs on to Build Driver Assistance System for Fisker Electric SUV
Magna International Inc. is deepening ties with electric vehicle maker Fisker. Magna said Monday it had signed on to help Fisker build a driver assistance system for its electric sport utility vehicle.