CVMA Supports Elimination of Red Tape and Reduction of Regulatory Burden by Ontario

TORONTO, Dec. 7, 2018 /CNW/ - The President of the Canadian Vehicle Manufacturers' Association (CVMA) issued the following statement respecting the introduction of the Restoring Ontario's Competitiveness Act, 2018:

"With the introduction of the Restoring Ontario's Competitiveness Act, 2018, CVMA supports efforts by the Ontario government to eliminate red tape and the burden of inefficient regulations to enhance the competitiveness of the province as a place to attract new investment by industry, particularly in innovative technologies necessary to compete in the evolving global market.  We encourage the Ontario government to continue its review of the provincial regulatory environment on a regular and ongoing basis."

About the Canadian Vehicle Manufacturers' Association (CVMA):

The Canadian Vehicle Manufacturers' Association is the industry association that has represented Canada's leading manufacturers of light and heavy duty motor vehicles for more than 90 years. Its membership includes FCA Canada, Inc.; Ford Motor Company of Canada, Limited and General Motors of Canada Company. Collectively its members account for more than 50% of vehicles produced in Canada, operate 5 vehicle assembly plants as well as engine and components plants, and have over 1,300 dealerships. 130,000 jobs are directly tied to vehicle assembly in Canada. Direct and indirect jobs associated with vehicle manufacturing are estimated at over 500,000 across the country.

SOURCE Canadian Vehicle Manufacturers' Association (CVMA)