Globe and Mail Update
March 13, 2009 at 12:08 PM EDT
The auto industry is in crisis in North America, and General Motors and Chrysler say they need billions of dollars in loans from U.S. and Canadian governments to survive.
This week, Chrysler warned Members of Parliament that, without a $2.3-billion loan from the federal and Ontario governments, it would pull its assembly operations out of Canada. Chrysler is also demanded the Canadian Auto Workers agree to a new contract that would cut labour costs by more than 25 per cent.
GM has asked for $7-billion in loans from the two levels of government. But GM and Chrysler aren't the only companies looking for aid. Senior executives from the Canadian operations of Ford, Toyota and Honda all urged the government to stimulate car sales by boosting credit and adopting incentives such as tax holidays.
Apparently, that's 6000 jobs. That's a lot of jobs. But my thought is to just let them go. Screw them. I'd rather spend the money to help re-train the 6000 people or spend the money to attract another manufacturer. Threats just don't work with me.
Somehow I wonder if Chrysler would be happy if Canadians boycotted their products because they pulled out of Canada?