Federal government offers funds for new car developments
Ottawa has announced funding for six new projects aimed at developing lighter, more fuel-efficient vehicles.
In an aim to reduce air pollution and emit fewer greenhouse gasses, $11.5 million was handed out by the federal government to companies in B.C., Ontario and Quebec. The money was made available through the Automotive Supplier Innovation Program.
TM4 Inc., in Boucherville, Que. is getting up to $4 million. The company is developing a low-cost, high-performance electric engine for light trucks.
Up to $1.3 million was given to Datec Coating Corporation, a Mississauga, Ont. company, to develop technologies that will improve heating management systems for vehicle cabins, lithium-ion batteries and engine fluids. Tyromer Inc. in Windsor, Ont. will get up to $3.4 million, to develop using recycled scrap rubber to seal car windows and doors. Newmarket, Ont.’s Eurospec Manufacturing Inc. will get upwards of $1.7 million to develop a best-in-class automotive seat adjustment mechanism. Advanced Technology Emission Solutions Inc. in Hamilton, Ont. is developing a catalytic converter designed to reduce greenhouse gas emissions from car tailpipes, and will get up to $272,000.
In Burnaby, B.C., Loop Energy Inc. is developing a fuel cell that will generate more power, and will get up to $787,000.