Magna International CEO Swamy Kotagiri, General Motors President North America Steve Carlisle and Aurora Innovation CEO Chris Urmson all made the annual list, handed out by the Automotive News Canada sibling publication based in Detroit.

Canadian electronics company GaN Systems plans to double its global headcount, amp up spending on product development and push further into the automotive market using cash raised in a US$150-million round. 

While Canada is becoming an innovation nation, experts interviewed by Automotive News Canada are divided over whether the domestic sector can compete with industry superpowers such as China and the United States.

While thefts of high-end automobiles get most of the attention, security experts warn that much of the industry’s exposure lies below the surface.