Trudeau, Ford Announce $65 Million Funding for Goodyear’s $575 Million Plant Expansion

Published on August 12, 2024

The federal and Ontario governments have announced a combined investment of nearly $65 million to support the expansion of Goodyear Tire’s manufacturing plant in Napanee, Ontario. Goodyear’s $575 million project aims to enhance tire production for electric vehicles (EVs) and all-terrain vehicles, according to an Aug. 12 government press release. The federal government will contribute over $44 million in funding for the project, while Ontario is adding $20 million. The federal government says the expansion project is expected to help Goodyear’s Napanee plant achieve net-zero emissions by 2040, contributing to the federal goal of a net-zero economy by 2050. Prime Minister Justin Trudeau said the Goodyear plant expansion will help create jobs during an Aug. 12 press conference. The project is expected to generate 200 new jobs by 2027 for a total of more than 1,000 jobs, according to the government....

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