McMaster & Waterloo Launch $46 Million Automotive Initiative

March 9, 2007

The province of Ontario has announced $15.6 million in funding for the Initiative for Automotive Manufacturing Innovation, led by McMaster University and uWaterloo.  The project will explore new technologies to yield lighter and cheaper cars.  35 private-sector partners and the two schools themselves will match the provincial investment, for a total of $46.5 million over five years.  Automotive production is one of Ontario 's key industries, and experienced a 4.3% drop last year.  More than 200 researchers will receiving training and experience through the project. The Toronto Star | The KW Record | McMaster News Release