Canada Offers Billions for Auto Bailout

Hold on baby, here I come.

*A collapse of the Detroit Three automakers would put nearly 600,000 Canadians out of work within five years, most of them in Ontario, as the impact ripples through the entire economy. The study, commissioned by the Ontario Manufacturing Council, a government advisory panel of industry and labour representatives, warned that a collapse of General Motors Corp, Ford Motor Co and Chrysler Corp would spread across the country, hitting creditors, suppliers, parts manufacturers and dealerships. Effects on employment would be felt right away, the report states, with Canada losing 323,000 jobs if production ceased immediately, and 281,800 in Ontario alone, the report forecasts. Those figures would climb in five years to 582,000 jobs nationally in 2014, 517,000 of those in Ontario. A U.S. diplomat said that Prime Minister Stephen Harper called President George W. Bush said that if the United States provided aid, Canada would provide its own aid of 20 percent, which could amount to several billion dollars from Ottawa. Canada's potential $2.8 billion rescue package for the U.S.-based automakers is just the first of what could be several payments, Ontario Premier Dalton McGuinty says. McGuinty said that the C$3.4 billion promised jointly by Ottawa and Ontario to the Detroit Three is simply a lifeline to sustain the industry. General Motors (GM Quote - Cramer on GM - Stock Picks), Chrysler and Ford Motor (F Quote - Cramer on F - Stock Picks) all have large operations in Ontario. McGuinty warns it's too early to speculate on how high the aid could go because the province is still assessing documents and plans. However the Canadian aid for the automakers won't come until the U.S. makes its plans known.

ニュースアニメ「米ビッグスリーが破綻すればカナダ人５８万人が失業」
カナダ・オンタリオ州製造業委員会（ＯＭＣ）は、米大手自動車メーカーのビッグスリーが破綻すれば、カナダで今後５年間に約６０万人が失業するとの報告を公表した。失業の­大半はオンタリオ州に集中するという。州政府諮問機関ＯＭＣが委託した調査報告では、ビッグスリーが破たんすれば、影響はカナダ全域に浸透し、債権者、供給業者、部品メー­カー、ディーラーが打撃を受けると分析。ビッグスリーが生産を停止すればカナダ人３２万３０００人が即時失業となり、うち２８万１８００人はオンタリオ州に集中すると指摘­した。さらに、２０１４年までには、カナダ全体の失業者は５８万２０００人に上り、うちオンタリオ州は５１万７０００人になるとしている。カナダのハーパー首相とオンタリ­オ州のマクギンティ首相は、米国政府がＧＭとクライスラーに対して１７４億ドルのつなぎ融資を行うと発表したことを受け、同２社のカナダ現地法人に対し４０億カナダドル（­３３億ドル）の緊急融資を実施すると発表した。フォードのカナダ法人は緊急融資による支援を申し出ていない。ハーパー首相は、カナダ国内にある工場を米国に移す可能性のあ­る業界再編は容認しない、と延べた。さらに、ブッシュ政権と次期オバマ政権が、自動車各社を破たんさせることはないと明言した、と語った。

Category:

News & Politics

Tags:

• Genseisha
• world
• leader
• Canada
• Ontario
• Harper
• auto
• big
• three
• bailout
• U.S
• Bush
• Detroit
• アメリカ
• ブッシュ
• 自動車
• ビッグスリー
• 破たん
• カナダ
• オンタリオ
• 幻生社

[Ian7570]

We're going to have huge deficits over the next 10 years. I don't think the answer is to throw money at companies that make junk. Let them go bankrupt. Something leaner and more competitive will take their place.

[AK49Gunner]

At least America HAS an auto industry....What does Russia have? Votka? LOL

[italo36]

At least Canada can afford to give billions away,we are the only g8 nation with no deficit. Much success to president Barach Obama, there is now hope for the american people.

[eric88eric88]

i love these videos

[jeffoh1990]

Looks like both our countries are in trouble then...

[InterMultimedia]

that's right lol