What’s Next for Canada’s Automotive Industry?
Canada’s automotive industry spent the past decade recovering from the 2008-2009 recession, but now faces such new challenges as bouncing back from the effects of the COVID-19 pandemic and capturing a significant share of production of electric vehicles and components.
Those are among the conclusions of a Trillium Network for Advanced Manufacturing review of the decade in the vehicle assembly and automotive parts manufacturing industries in Canada. Several key measures of these industries showed sharp rebounds from the 2008-2009 crisis, but others—including contributions to GDP, annual capital expenditures, and Canada’s automotive trade balance–declined from where they stood in the previous decade …
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