GM to add 700 engineering jobs in Canada

[LiberalFighter]

Reuters Excerpt

The gain of some 700 jobs was hailed as a big win for Canada's manufacturing heartland by Prime Minister Justin Trudeau, who arrived at the center with the head of GM Canada in a Chevy Bolt, the automaker's signature electric car.

"It's a perfect fit in so many ways, and I'm really glad that GM saw it that way too," Trudeau said.

Canadian automaking has been losing ground in recent years to Mexico, where costs are lower, and the country is struggling to fire up innovation and investment in its factory sector to offset the slump in its once-dominant energy sector.

The union representing the auto workers said the investment is good for the future of the sector in Canada.

[LiberalEsto]

1. Swell. As far as I know they still owe the U.S. taxpayers money from the bailout

and now they're creating jobs in another country.

NAFTA was a screw job.

[tonyt53]

2. US automakers have been building cars in Canada for a very, very long time.

The profits from those cars all comes back to the US.

[LiberalEsto]

3. The profits go to the CEOs, etc.

What about the other 99% of us?

[tonyt53]

4. Repeating an old line at every opportunity doesn't work on all people.

The UAW did quite well in their last negotiations. The members of the UAW are in return, producing better quality vehicles for GM.

[OneBlueDotBama]

5. GM was originally a Canadian Compamy.

McLaughlin Car Company of Canada and Buick were there at the start. If NAFTA hurt anyone it was Canada, prior to NAFTA there was the AUTOPAC. The Canadian government and the Ontario government invested billions bailing out GM and Chrysler Canada.


Back in June 2009, the federal and Ontario governments decided to use massive amounts of taxpayer cash to rescue two corporations deemed too big to fail, General Motors and Chrysler. The cost to Canadians was US$13.7-billion: $10.8-billion to GM and $2.9-billion to Chrysler.
http://business.financialpost.com/fp-comment/canadas-auto-bailout-still-waiting-for-payback

Canada–United States Automotive Products Agreement
The Canada—United States Automotive Products Agreement, commonly known as the Auto Pact or APTA, was an important trade agreement between Canada and the United States. It was signed by Prime Minister Lester B. Pearson and President Lyndon B. Johnson in January 1965.[1]

It removed tariffs on cars, trucks, buses, tires, and automotive parts between the two countries, greatly benefiting the large American car makers. In exchange the big three car makers (General Motors, Ford, and Chrysler) and later Volvo agreed that automobile production in Canada would not fall below 1964 levels and that they would ensure the same production-sales ratio in Canada.
https://en.wikipedia.org/wiki/Canada%E2%80%93United_States_Automotive_Products_Agreement