Photo: cbc.ca
The Prime Minister of Canada, Stephen Harper, has just announced that the government will be investing some C$250 in the country’s automotive sector, in order to increase the number of manufacturing jobs and boost the workforce.
Harper also announced an extension of five years for the Automotive Investment Fund, which was set up in 2008, to provide official support from the Canadian government for automotive-related research and development projects.
He stated: "Our government remains focused on creating jobs, growth and long-term prosperity and to keeping Canada's automotive manufacturing sector globally competitive and innovative”. The fund is also good news for the Canadian Workers Union, or CAW, who spoke through their president, Ken Lewenza.
"I'm very grateful for the fact that they established the fund, but I still think we have to take a look at a longer term approach to how do we sustain it long term, because what we know is investment comes and goes," said Lewenza.
Also, Prime Minister Harper made it very clear that Canada does not plan on keeping its stake in GM, and that their decision will not be influenced by the United states in any way - if they decide to sell, they will do so when they feel the moment is right.
Commenting on the matter, Harper said: "We are not bound by what the United States decides [ . . . ] We'll sell in a way that attempts to maximize the value for the Canadian taxpayer."
Story via autonews.com
He stated: "Our government remains focused on creating jobs, growth and long-term prosperity and to keeping Canada's automotive manufacturing sector globally competitive and innovative”. The fund is also good news for the Canadian Workers Union, or CAW, who spoke through their president, Ken Lewenza.
"I'm very grateful for the fact that they established the fund, but I still think we have to take a look at a longer term approach to how do we sustain it long term, because what we know is investment comes and goes," said Lewenza.
Also, Prime Minister Harper made it very clear that Canada does not plan on keeping its stake in GM, and that their decision will not be influenced by the United states in any way - if they decide to sell, they will do so when they feel the moment is right.
Commenting on the matter, Harper said: "We are not bound by what the United States decides [ . . . ] We'll sell in a way that attempts to maximize the value for the Canadian taxpayer."
Story via autonews.com
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