Spending in Canadian Auto Sector Cut in Half

Thursday, 12 October 2017 06:52 MH
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A new report says capital investment in the Canadian auto assembly sector since the financial crisis has been nearly cut in half compared with the period before the downturn.

DesRosiers Automotive Consultants says that capital spending has averaged $1.2 billion a year for 2010-17, down from $2.3 billion annually on average from 2000 through 2009.

Ford, General Motors and Fiat Chrysler all pledged to invest hundreds of millions in their Canadian operations as part of their agreements with the union.

Meanwhile, Unifor members remain on strike at GM's CAMI assembly plant in Ingersoll, where the union is seeking to have the location designated the lead producer of the Chevrolet Equinox.

(The Canadian Press)

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