Ontario to give Fiat Chrysler up to C$85.8 million for training, research
TORONTO (Reuters) - The Canadian province of Ontario said on Wednesday it will provide up to C$85.8 million ($66.5 million) to Fiat Chrysler Automobiles (FCHA.MI: Quote) to help fund training and research.
Ontario, home to much of Canada's auto industry, said the funding will support a joint Fiat Chrysler and University of Windsor research and development facility as well as training related to production of the Chrysler Pacifica minivan.
The new minivan, assembled in Windsor, Ontario, will be available as a plug-in hybrid, a first for Chrysler in a high-volume vehicle.
Fiat Chrysler failed to secure funding from the Canadian and Ontario governments before retooling its Windsor assembly plant to produce the Pacifica, publicly withdrawing an appeal for cash in 2014 after negotiations threatened to become an election issue in the province.
Ontario Premier Kathleen Wynne, who announced the funding on Wednesday, referred to the episode as "the kerfuffle that we all went through."
"We've been in conversation throughout that period, and I think there was an understanding that this partnership was important to both of us and we were going to find a way through it," said Wynne.
Fiat Chrysler never said publicly how much it sought from Canadian governments. One media report said it was looking for C$700 million, but Fiat Chrysler Canada Chief Executive Reid Bigland said on Wednesday he was not sure where that number came from.
"It's never too little too late," Bigland said. "We're very proud of the support and grateful for the support that we receive from the province of Ontario.
(Reporting by Allison Martell; Editing by Paul Simao)
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