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The Ontario Automotive Communities Alliance trade & investment advantage October 2011.

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Presentation on theme: "The Ontario Automotive Communities Alliance trade & investment advantage October 2011."— Presentation transcript:

1 The Ontario Automotive Communities Alliance trade & investment advantage October 2011

2 North Americas number one location Ontario is North Americas number one location for producing vehicles and parts Ontario auto production forecast to grow 21% in Q3, 2011 Ontario manufacturing costs are lower than in the U.S., UK, France, Italy, Germany, Netherlands and Japan Ontario has fast and easy access to the United States auto market Our job is to make your job easier 2 Welcome to the Ontario Automotive Communities Alliance

3 Consider Ontarios 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 In 2011 the University of Windsor opened the $112 million Centre for Engineering Innovation In 2011 the Oshawa Institute of Technology opened the $100 million Automotive Centre of Excellence 3 Welcome to the Ontario Automotive Communities Alliance

4 Two hours flying time to major U.S. cities The Ontario Automotive Communities Alliance Cities

5 The Ontario Automotive Communities Alliance cities The Ontario Auto Communities Alliance includes 60 smaller cities, regions and communities within these major hubs. 5 Welcome to the Ontario Automotive Communities Alliance

6 Ontarios auto industry is on a roll The Conference Board of Canada says auto sector profits in 2011 should 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 6 Welcome to the Ontario Automotive Communities Alliance

7 Solid Infrastructure for auto industry OEMs and parts companies Superior road, rail, air services Top telecomm links Reliable hydro supply Source: Statistics Canada 7 Welcome to the Ontario Automotive Communities Alliance Infrastructure support for business

8 Ontario is Canadas largest provincial economy Canadas exports and imports of merchandise total 58.9% of GDP – making it one of the worlds most open economies Canada has higher accumulated Foreign Direct Investment (FDI) than Brazil, Mexico, and Russia 8 Welcome to the Ontario Automotive Communities Alliance

9 Canadas stellar economic base makes it a G7 leader Worlds 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, ** Standing among 500 world banks based on total assets and long-term credit ratings. Source: Global Finance Magazine, September Welcome to the Ontario Automotive Communities Alliance

10 Green and intelligent auto research for Ontarios 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

11 Measures to help manufacturers Canadian tariffs on all manufacturing inputs and machines will be zero by 2015 Auto manufacturing costs less in Ontario than U.S., UK, France, Italy, Germany, Netherlands and Japan Adds up to rapid profitability on new Canadian operations 11 Welcome to the Ontario Automotive Communities Alliance

12 Ontario is Canadas business province with a strong entrepreneurial culture It takes only one procedure and five days to register a company By 2012 the federal corporate income tax falls to 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 Welcome to the Ontario Automotive Communities Alliance

13 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 13 Welcome to the Ontario Automotive Communities Alliance

14 Ontario residents share in Canadas 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 Welcome to the Ontario Automotive Communities Alliance

15 Ontarios auto industry attracts many of the worlds best companies Big 3 – GM, Ford, Chrysler Honda, Toyota 50 Japanese parts firms Magna International, Linamar, The Woodbridge Group More than 400 companies 15 Welcome to the Ontario Automotive Communities Alliance

16 Ready to join Ontarios auto industry? Join the Ontario Automotive Communities Alliance! Were North Americas largest automotive jurisdiction for many good reasons Learn more at www. 16 Welcome to the Ontario Automotive Communities Alliance

17 October 2011 The Ontario Automotive Communities Alliance trade & investment advantage


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