Thursday, March 12, 2009

Chrysler News:Chrysler threatens to pull out of Canada

OTTAWA — A Chrysler executive issued a grim threat to Canadian lawmakers, warning the struggling U.S. automaker may shut down its plants in Canada if it doesn’t get significant labor concessions and government aid.

“Chrysler LLC cannot afford to manufacture products in a jurisdiction that is uncompetitive, relative to other jurisdictions,” President Tom LaSorda told a Parliamentary committee Wednesday night.

Chrysler’s labor costs in Canada work out to about 20 dollars an hour more than automakers such as Toyota and Honda, LaSorda told the committee.

“Currently Chrysler CAW (Canadian Auto Workers) are not competitive,” he said...More

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