Linamar to Invest in Next-Gen Technologies

Canada’s Linamar Corp. plans to spend as much as C$750 million ($600 million) through 2024 to develop and produce next-generation powertrain and drivetrain systems and other advanced technologies.

The investment will include C$50 million from the Canadian government’s Strategic Innovation Fund and another C$50 million from Ontario’s Jobs and Prosperity Fund. The programs are expected to create about 1,500 jobs in Ontario and help retain about 8,000 workers.

Linamar will use the money to develop and produce electrified and connected vehicle technologies, and to manufacture next-generation engine and drivetrain systems. The company also will open a new innovation center that will focus on artificial intelligence, machine learning, robotics and 3D printing.