09:08 AM EST, 01/28/2025 (MT Newswires) -- Linamar Corporation ( LIMAF ) announced Tuesday that it has reached agreements with both the Canadian Government and the Ontario Provincial Government on an investment program that will see the company heavily invest in technologies and manufacturing capabilities in preparation for the future of Mobility. Together, a statement said, the three parties involved are committing to an overall investment of approximately $1.1 billion that will protect nearly 10,000 existing jobs and create over 2,300 new jobs in the Ontario automotive manufacturing sector.

According to Tuesday's statement, the program will focus on a broad portfolio of mobility technologies including Hybrid Propulsion Systems, Battery Electric Solutions such as eAxle Propulsion technologies, Propulsion Agnostic Products, Inverter and Semi-conductor research, Energy Storage Systems, and Fuel Cell Systems such as a novel conformable hydrogen gas storage tank for fuel cell vehicles, and Lightweight Structural Casting solutions across all propulsion types. Investments are related to both ongoing product research and development as well as installation and commission of new manufacturing equipment for launching programs, the statement added.