Goodyear Canada is planning to spend more than $575 million to expand and modernize an eastern Ontario plant to produce electric vehicle and all-terrain tires and make its processes more energy efficient.

Prime Minister Justin Trudeau and Premier Doug Ford were on hand for an announcement Monday at the factory in Napanee, and the project is getting financial support from both levels of government.

Goodyear is set to receive up to $44.3 million from the federal Strategic Innovation Fund and $20 million through the provincial Invest Ontario{ai:summary}<p>Goodyear Canada is ready to drop over $575 million on a plant upgrade in Napanee to churn out electric vehicle and all-terrain tires, while also tightening up energy efficiency. Trudeau and Ford showed up to tout the project, backed by money from the federal and provincial coffers.  </p><p>#economy</p>

Goodyear spending $575M to expand Ontario plant, produce EV tires

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