Jet Jockey/A4 Pilot

Is only putting up $17.4B.

Is it me or are we contributing a lot more money percentage wise to the car manufacturers when compared to the USA.

I mean the USA is roughly 10 times bigger (economically, population, money ect) then we are and yet we are going to contribute about 25% of their total for a bail out.

Man I hate politicians.

DeMOROlized

Our car industry is about 20% of US car industry.

[KRAFTIG]

Bingo!

Jet Jockey/A4 Pilot

Car industry? We're not talking industry here as a whole, but the Big 3.

DeMOROlized

Same %, might be even higher.

sTTay down

from what I have read, only Chrysler and GM are getting funding in the US bailout. Ford has said in the past it believes it can manage itself out of this downturn, but would like to know if needed (similar to a line of credit) to access some cash, and personally I think that is quite responsible of them. GM on the other hand threatened bankruptcy if the government didn't help them by years end.

Unfortunatly, whole cities would collapse if they didn't help out them. So with all the layoffs and such, this probably would be a cheaper alternative for the government(s).

[KRAFTIG]

"this probably would be a cheaper alternative for the gover..." Yup, it would cost us 3 times more

Bruno_S4

of the automotive industry to Ontario where it makes up a HUGE percentage of our economy therefore is very important to Canada. My job relies on it as do hundreds of thousands of others.

The bailout was welcomed news to the industry and particularly to our office today.

Again if I came across as rude I apologize but I feel this way because there really is no automotive or parts manufacturing in Quebec and you don't have personal ties to it like me and my family/friends.

Egil A64.2s - S6

have paid for the bailout many times over by itself!

Jet Jockey/A4 Pilot

Products that a lot of consumers do not want to buy, overpaid management, overpaid employees with perhaps too many benefits, a too strong
union are part of the problem and until they can be worked out I don't think any money from the government will change anything.

Quebec had a GM plant here north of Montreal and both levels of government gave money to GM years back to modernize the plant and despite the Ste-Therese plant winning many internal prizes for their production and quality of assembly ect, ect, GM closed it and a lot of jobs were lost.

Besides if your care so much for the local car companies maybe you should buy their products to support them (and no I'm not being an *** here just saying).

In any case I understand your point about Ontario's predicament with the car industry but there is no guaranty they will survive anyway. This cash infusion may just delay the unavoidable... Bankruptcy.

I think we should loan them the money as opposed to give it to them and have big strings attached to the deal.