Panel urges subsidies to restore auto industry

Article Abstract:

Assembly plants create direct jobs, employment at parts makers, and help provide a favorable balance of trade. The kind of subsidies disdained by Conservative Party Leader Stephen Harper are needed to revitalize Canada's auto industry and help attract the new assembly plants that enhance growth and new jobs.

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GM urges federal help for hybrids

Article Abstract:

Oshawa, Ont.-based General Motors of Canada Ltd., which is led by president Michael Grimaldi, is requesting government assistance for its hybrid vehicles program. GM is seeking tax breaks for development of the fuel cell- and electric/gas-powered vehicles.

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Magna deal angers Daimler

Article Abstract:

General Motors Corp. has given an important contract to Magna International for the supply of four-wheel-drive systems. The contract has been valued at about $250 million per year.

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