In February, GM Canada promised the federal and Ontario governments that it would maintain its current share of production in order to receive a long-term bailout loan of $6 billion -- about 20% of what it had requested from the U.S. government.*
AutomotiveCompass president Bill Pochiluk said the closure of GM's truck plant in Oshawa, which produced its last vehicle yesterday, is a harbinger of things to come.
Pochiluk said he expects some production at the GM-Suzuki CAMI joint-venture plant in Ingersoll to move to Mexico by 2014.
Oh, c'mon now, you're so cynical...
...you actually think multi-national corporations and our own beloved elected representatives would lie to us...
