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Detroit Three rev up to plead case

Ford Motor Co. provided one sign yesterday of how seriously the crisis is hitting Detroit as it announced plans to unwind one of the key deals it made in the 1990s - the purchase of Volvo Car Corp. And today, beleaguered auto makers make another case ...

From GREG KEENAN, Globe and Mail,  2 Dec 2008

Pay cuts won't fix sick auto industry, CAW says

LONDON, ONT. Auto workers did not create the crisis that has brought the Detroit Three to the edge of financial ruin and can't solve it by agreeing to cut wages and benefits, Canadian Auto Workers president Ken Lewenza declared on Wednesday. “It's a ...

From GREG KEENAN, Globe and Mail,  27 Nov 2008

The Detroit Three ... Two? One?

WASHINGTON, TORONTO The time has finally come to unload the old Toyota Prius you bought back in 2008. So you take the plunge and get the new Version 2.0 of GM's wildly popular Volt electric car. It's faster, roomier and cheaper than the original Volt, ...

From BARRIE MCKENNA AND GREG KEENAN, Globe and Mail,  21 Nov 2008

Toyota shuts North American plants for two days

Toyota Motor Corp. will shut all its North American plants for two days in December, including a new plant in Woodstock, Ont., that will only begin cranking out new vehicles on Dec. 4. The new plant in Woodstock, which will make RAV4 crossover utility ...

From GREG KEENAN, Globe and Mail,  19 Nov 2008

Auto makers ask Ottawa for loan guarantees

The Canadian units of the Detroit Three auto makers are asking Ottawa and Ontario for financial help “proportional” to the size of U.S. government bailout, said David Paterson, vice-president of corporate and environmental affairs for General Motors of ...

From GREG KEENAN, Globe and Mail,  18 Nov 2008

EDC's Chrysler action signals growing fears

The federal government's Export Development Canada is refusing any new requests by auto parts makers to insure receivables due from Chrysler LLC, a sign that fears of a potential bankruptcy are growing. “Obviously the risks are higher,” EDC spokesman ...

From GREG KEENAN, Globe and Mail,  17 Nov 2008

Chrysler adds its voice to calls for U.S. bailout

A government rescue package and alliances with competitors are essential if Chrysler LLC is to ride out the storm battering the auto industry, the company's chief executive officer said Thursday, shifting the focus of the Detroit crisis away from ...

From GREG KEENAN, Globe and Mail,  13 Nov 2008

Auto makers to meet with McGuinty

Senior executives from the five largest auto manufacturers in Canada will meet with Ontario Premier Dalton McGuinty on Friday to press their case for financial assistance amid the credit crunch and the slump in U.S. sales that has led to production ...

From GREG KEENAN, Globe and Mail,  12 Nov 2008

Flaherty favours aid for long-term auto plans

SAO PAULO, Brazil, TORONTO Ottawa is willing to go to the aid of teetering auto companies, but will consider help only for plants that are thought to be “sustainable,” Finance Minister Jim Flaherty said Sunday. “The key is sustainability, a look to ...

From HEATHER SCOFFIELD AND GREG KEENAN, Globe and Mail,  9 Nov 2008

GM faces cash crisis

General Motors Corp. faces a liquidity crunch in the fourth quarter unless the economy improves, the giant auto maker said Friday in releasing dismal third-quarter financial results. “Even if GM implements the planned operating actions that are ...

From GREG KEENAN, Globe and Mail,  7 Nov 2008

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