How Canada Can Save Chrysler
Blame Canada when it comes to anyone giving a darn about Chrysler. The United States Senate may have turned down an ever shrinking bailout proposal by the Big Three – but one of Ontario’s largest employers doesn’t want to see their assembly lines close down. And neither does their government. The province of Ontario, along with cooperation from Canada’s Federal Government, announced plans to give a $3.5 Billion dollar bailout to Chrysler and General Motors. About 20% of North American auto manufacturing occurs at plants in Ontario, many in the greater Toronto area. A collapse of the Big Three would threaten closures at plants across this region, with job losses Canadian officials don’t dare speak about.
Canadian officials wanted to see how the United States bailout plan would work out, but with the recent vetoes and turn downs it was time to act. According to The Detroit Free Press, about 30,000 people are employed by Big 3 assembly plants in Ontario. Thousands more work in the supplier industry for those companies. So, is it now up to other countries to help the struggling American auto industry stay afloat?
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