The federal and Ontario governments are giving Goodyear Tire $64 million to expand its manufacturing plant in Napanee, Ont., and help the plant reach net-zero emissions by 2040.
Goodyear is spending $575 million to expand and modernize the plant and increase tire production, including for electric vehicles (EVs) and all-terrain vehicles, according to an Aug. 12 government press release. The federal government will contribute over $44 million , while Ontario is adding $20 million.
