15 May 2009

Oh, c'mon now, you're so cynical...

...you actually think multi-national corporations and our own beloved elected representatives would lie to us...
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.
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