the ontario investment advantage 2013. north america’s number one location ontario is north...
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The Ontario investment advantage
2013
North America’s number one location
• Ontario is North America’s number one location for producing vehicles and parts
• Expansions to Lexus & Toyota assembly plants in 2013
• New capital expenditure in Ontario’s auto industry exceeded $2 billion in 2011
• Ontario’s auto production continues to grow 2012
• Manufacturing costs in Ontario are lower than in the U.S., UK, France, Italy, Germany, Netherlands and Japan
• Fast and easy access to the United States auto market through NAFTA
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www.ontarioautoalliance.com
Two hours flying time to major U.S. cities
The Ontario Automotive Communities Alliance Cities
The Ontario AutomotiveCommunities Alliance cities
Our Alliance includes some of the largest automotive manufacturing locations in North America
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Welcome to the Ontario Automotive Communities Alliance
Ontario’s auto industry is on a roll
• The Conference Board of Canada says auto sector profits in 2011 hit $1 billion – a 10-fold increase in one year
• The Ontario auto parts industry posted an 80% increase in profits in 2010
• Ontario increased its share of the total North American production to 17.3%, an all-time high
• Ontario continues to benefit from the trade agreements that allow 84% of all vehicles made in Canada to be exported to the giant U.S. market
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Welcome to the Ontario Automotive Communities Alliance
Made in OACA
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Welcome to the Ontario Automotive Communities Alliance
OEM assembly plants Products manufactured in OACA region
General MotorsChevrolet Camaro & Equinox, Buick Regal, Cadillac XTS, GMC Terrain
ToyotaCorolla, Matrix, Rav4(including some fully electric models)
ChryslerDodge Grand Caravan, Chrysler Town & Country, Volkswagen Routan, Lancia Voyager
Lexus RX 350
Ford Engine assembly plants
General Dynamics Land Systems Light armoured vehicles for military use
Oshkosh Trucks Specialty construction trucks
Hino Trucks Light commercial trucks
Solid Infrastructure for auto industryOEMs and parts companies
• Superior road, rail,
air services
• Top telecomm links
• Reliable hydro supply
Source: Statistics Canada
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Welcome to the Ontario Automotive Communities Alliance
Infrastructure support for business
Ontario is Canada’s largest provincial economy
• Canada’s exports and imports of merchandise total 58.9% of GDP – making it one of the world’s most open economies
• Canada has higher accumulated Foreign Direct Investment (FDI) than Brazil, Mexico, and Russia
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Welcome to the Ontario Automotive Communities Alliance
Canada’s stellar economicbase makes it a G7 leader
• World’s soundest banking system
• Ranked best place in the world to
create a new business
• Lowest payroll taxes in G7
• Lowest taxes on new business
investment in G7
Soundness of banks world rank
*Standing among 139 countries. Ranking based on the degree of soundness of financial institutions. Source: Global Competitiveness Report, 2010-11** Standing among 500 world banks based on total assets and long-term credit ratings. Source: Global Finance Magazine , September 2010
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Welcome to the Ontario Automotive Communities Alliance
Green and intelligent auto research for Ontario’s auto corridor
• R&D support for auto industry shift to “greener” cars
• New battery technologies
• Next generation of bio-fuels
• Renewable and recyclable plastic parts
• On-board computer systems
• Electrochemistry and nano-materials
• Voice recognition and location-based services
• Improved energy efficiencies with light-weight materials
Welcome to the Ontario Automotive Communities Alliance
Consider Ontario’s R&D advantages
• Lowest R&D costs in the G7, 12.9% lower than the U.S.
• 150 schools and labs working on auto research with 127,000
directly employed by the Ontario auto industry
• Centre for Engineering Innovation – University of Windsor
• Auto Centre of Excellence – Oshawa Institute of Technology
• International Composites Research Center – Western
University in partnership with Fraunhofer Institute
• McMaster University Automotive Research Center (MARC) -
new $26 million facility to develop hybrid technologies
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Welcome to the Ontario Automotive Communities Alliance
Education in OACA
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Welcome to the Ontario Automotive Communities Alliance
Universities, Colleges and Research Institutes
University of Ontario Institute of Technology
Durham College
University of Waterloo (WatCAR)
Laurier University
Conestoga College
Western University (Fraunhofer Project Center for Composites Research)
Fanshawe College
McMaster University (McMaster Automotive Research Center)
University of Windsor (Auto21)
St. Clair College
National Research Council of Canada
Measures to help manufacturers
• Canadian tariffs on all manufacturing inputs and machines will be zero by 2015
• Workforce training programs
• Competitive business costs
• Federal and Provincial incentive programs for auto manufacturing
• R&D tax incentives
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Welcome to the Ontario Automotive Communities Alliance
Ontario is Canada’s “business province” with a strong entrepreneurial culture
• It takes only one procedure and five days to register a company
• In 2012, the federal corporate income tax was 15% – half the U.S. tax rate.
• For a company earning $100 million in profit, total taxes in Canada will be over 30% less than the U.S.
Number of entrepreneurs as a percentage of the working population
Source: Statistics Netherlands 2008
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Welcome to the Ontario Automotive Communities Alliance
Ontario offers excellent location and attitude for doing global business
• Ontario Automotive Communities Alliance members are two hours or less by road from the U.S. border
• Recent multi-billion dollar investments in port, rail, road and air transportation
• One in five Canadians has a mother tongue other than English or French
• Asian and European languages spoken extensively
• Canadians have a global mind-set
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Welcome to the Ontario Automotive Communities Alliance
Ontario residents share in Canada’s excellent quality of life
• Highest quality of life among G7 countries
• Clean air, water and land
• Cultural diversity within a tolerant society
• Many recreation options
• Publicly-funded healthcare
• Commitment to rule of law and a strong justice system
Quality of life index
Source: IMD, * Rank among 58 economies considered in the World Competitiveness Yearbook 2010.
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Welcome to the Ontario Automotive Communities Alliance
Ontario’s auto industry attractsmany of the world’s best companies
• Detroit 3 – GM, Ford, Chrysler assembly plants
• Honda, Toyota, Hino Truck Assembly operations
• International suppliers from Germany, Japan, Korea etc.
• Successful Canadian suppliers like Magna International, Linamar, Woodbridge Group
• More than 400 parts companies
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Welcome to the Ontario Automotive Communities Alliance
Recent Investments
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Welcome to the Ontario Automotive Communities Alliance
• $100 million expansion of Lexus assembly plant – Cambridge
• Increased capacity to 104,000 units/year
• Production of hybrid version of RX 450h vehicle
• $68 million investment in GM assembly plant – Oshawa
• Production of next generation Impala vehicle
• 43.5% increase in output at Toyota plant – Woodstock
• Production increased to 178,000 units by adding 2nd shift
• OACA has largest producing Toyota plant in North America
Ready to join Ontario’s auto industry?
• We’re North America’s largest automotive jurisdiction for many good reasons
• Learn more at www.ontarioautoalliance.com
• Our job is to make your job easier!
– Site selection information and assistance
– Assistance with business start up in Ontario, Canada
– Applications for government incentive programs
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Welcome to the Ontario Automotive Communities Alliance
2013
The Ontario investment advantage
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