Mineral exploitation accelerated in the late 19th century, leading to the rise of important mining centres in the northeast, such as Sudbury, Cobalt and Timmins. The province harnessed its water power to generate hydro-electric power and created the state-controlled Hydro-Electric Power Commission of Ontario, later Ontario Hydro. The availability of cheap electric power further facilitated the development of industry. The Ford Motor Company of Canada was established in 1904 and the McLaughlin Motor Car Company (later General Motors Canada) was founded in 1907. The motor vehicle industry became the most lucrative industry for the Ontario economy during the 20th century.