Forgot your account information?  |  Create a CME account

Ontario considers more money for automakers

Published by Steve Coleman on May 09, 2012

The Ontario government may spend more on the province's auto industry to meet growing demand for vehicles from the Detroit Three automakers.

Premier Dalton McGuinty told reporters, following a speech at the Bloomberg Canada Economic Summit in Toronto, that Chrysler, General Motors and Ford expect to run out of manufacturing capacity by 2018 after scaling back operations following the 2008 recession.

Vehicle makers took out 2.6 million units of production capacity between 2008 and 2011. Some analysts are forecasting sales of 15 million units in North America by 2013.

An Ottawa Citizen story looks at the issue in detail.

Found in: news

National Office

Alberta British Columbia
Manitoba New Brunswick
Newfoundland & Labrador Nova Scotia
Ontario Québec
Prince Edward Island Saskatchewan