Based on one-fifth share of vehicle production, a Canadian package would translate into $4.16-billion (Canadian) in short-term, emergency loans.**********
Canadian Auto Workers president Ken Lewenza applauded the package, but described the attached concessions as “pretty tough.”
Mr. Lewenza said the money promised by the Bush administration is enough to get General Motors Corp. and Chrysler LLC through the first quarter of 2009, but the industry still needs “some long-term stability.”
FROM THE COMMENTS:
"The Detroit three UAW/CAW must be desperate for new cash donors, they were hovering like vultures as we were going home to our families after work Thursday."*
"I said to the Vulture as he attempted to hand me his propaganda, 'Your union has sure helped you out ... helped you right out of a job'."