sTTay down

If the companes cannot prove a viable plan by March 31st, they must repay the loans within 30 days.

Using simple numbers and approx tax rates based on the published average pay of the workers (not to mention all the small business revenues) are around $1.5B / year in Canada alone, that isn't including all the industry the lends itself to the auto industry.

Take that further the Canadian economy could stand to lose $4.5B/yr. This would negativly impact every canadian household. so this isn't just about a few car companies any more.

I agree, there needs to be some trimming or waste, but that is what the strings are for.

Lets see how this plays out for all of Canada, and well the world.

On a side, I had thought they were planning on reopening the plant that made the Camara in north Montreal, no?

* my numbers are based on 100,000 people, 17% tax rate and avg $60k / yr. ($30 per hour 2080 work hours per annum) and are very conservative.

Jet Jockey/A4 Pilot

Concessions to make this work.

Bruno_S4

We agree there completely.

Bruno_S4

The Camaro is being on GM's world class flex line here in Oshawa...

Bruno_S4

Or maybe Alberta should charge PST and give more to the have not provinces.

S4sposeur

Toyota, Honda, Nissan or even Hyundai to do the job. Make GM and Chrysler sell their plants at fair market value to the Big Three Japanese or even the Koreans and loan them the money to do it. Fire all those union workers and have them apply for their new jobs at fair market rates.

Double bonus: cheaper cars and the Canadian Government would make a profit on the loans.

Triple bonus actually because the cheaper cars would be better designed and better built. Is that four advantages?

S4sposeur

It seems to me that the Quebec government loaned or granted lots of money to Hyundai to build that plant. There's a lesson in here somewhere if I could just put my finger on it.

here's the question: if the Ontario auto industry is so valuable how come it loses so much of money and produces cr@p cars no one wants?

Bruno_S4

Do you live in Bizzaro world? Or are you joking?

S4sposeur

and someone else buys the assets and carries on with a revised cost scheme.

The Bizarro world is the one where we all get to contribute our tax dollars to the price of cars we wouldn't be caught dead driving. Now explain how that works.