CAW fears for GM's Ste-Therese plant

Article Abstract:

General Motors of Canada Ltd.'s expected shutdown of its Ste-Therese manufacturing facility in northern Montreal, Quebec, is opposed by the Canadian Auto Workers union. The Canadian Auto Workers union has called on the immediate intervention of the government of Quebec to prevent General Motors of Canada's reported plans to shut down the facility. The officials of the Canadian Auto Workers cited that while General Motors of Canada has yet to formally announce the Ste-Therese plant's shutdown, the closure will occur if the Quebec government does not persuade the automaker regarding the feasibility of retaining the plant's operations.

Comment:

Has its expected shutdown of its Ste-Therese plt in northern Montreal, Quebec, opposed by the Canadian Auto Workers union

Plant shutdown, Quebec, General Motors of Canada Ltd.

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Toyota assails tariff decision

Article Abstract:

Toyota Canada Inc.'s president, Yoshio Nakatani, asserted that the federal Canadian government's retention of the 6.7% tariff on imported motor vehicles from beyond North America can reduce Japan's investments into the Canadian automotive sector. Nakatani added that the retention of the imported-vehicle tariffs will cause Toyota Motor Corp. to forego its planned addition of a production line for a third vehicle at its Cambridge, Ontario, manufacturing facility. Nakatani cited that investors from Europe and Japan will re-evaluate their investment plans into Canada as a result of the federal government's tariff decision.

Comment:

Canada: Fed govt's retention of 6.7% tariff on imported autos from beyond N America can reduce Japan's investments into auto ind

Canada, Taxes

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Renault bets that its No. 2 can drive Nissan

Article Abstract:

Renault SA Executive Vice-President Carlos Ghosn will initiate restructuring of Nissan Motor Co by focusing on three key areas that include the Japanese firm's product line-up, design and its purchasing processes. Aside from Renault's cash infusion of C$5.4 bil into Nissan, the debt redution strategy consists of C$2.7 bil from the sale of non-core assets and C$1.7 bil in synergies between Nissan and Renault, among others.

Japan, France, Motor Vehicles and Equipment, Regie Nationale des Usines Renault, Nissan Motor Company Ltd.

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