TORONTO -- DaimlerChrysler will invest C$768 million ($651 million) in its Windsor and Brampton, Ontario, operations with about C$123 million in government support, the company and government officials said on Monday.
The announcement came the same day General Motors said nearly 3,900 workers at its Canadian operations would lose their jobs as part of a massive restructuring.
DaimlerChrysler said it will invest C$610 million over the next three years at its Windsor assembly plant to prepare it for new products and build a 185,000-square-foot paint facility that will be operational by 2007.
The plan will also support training at its Brampton assembly plant and help fund the Automotive Research and Development Centre, a partnership between the company and the University of Windsor.
The government support for the DaimlerChrysler project includes C$46 million from Canada and C$76.8 million from the province of Ontario.
The Canadian and Ontario governments issued a joint statement on Monday announcing the funds.