CAW Calls for Loan Guarantees, Opposes GM-Chrysler Merger - Dodge Nitro Forum
Chrysler/Dodge/Jeep News Find out the latest scoop here!

LinkBack Thread Tools Display Modes
post #1 of 1 (permalink) Old 10-23-2008, 03:27 PM Thread Starter
Super Moderator
rickaren's Avatar
Join Date: Nov 2006
Location: Indiana
Posts: 22,851
CAW Calls for Loan Guarantees, Opposes GM-Chrysler Merger

CAW Calls for Loan Guarantees, Opposes GM-Chrysler Merger
TORONTO, Oct. 23 /CNW/


The CAW is calling on the federal government to
provide loan guarantees to Canadian industry, similar to what Finance Minister
Jim Flaherty has offered to banks to support inter-bank lending.

CAW President Ken Lewenza said that at a time when the country's
industrial base is badly eroding, and thousands more jobs could be threatened
with a merger of General Motors Corporation and Chrysler LLC, the
government must respond with equal energy used to support Canadian banks and
other financial institutions.
"It would be unjust for our government to inject public funds into banks
to protect the financial industry, while allowing productive corporations in
value-added industries like auto to collapse," said Lewenza. "Hard-working
Canadians deserve government support just as much as investment banks and
hedge funds."
In a meeting of CAW local workplace representatives from both General
Motors and Chrysler, CAW national and local leaders explicitly opposed the
rumoured merger of GM and Chrysler, and signed onto a detailed eight-point
statement that calls on the government to provide liquidity assistance and
protect Canada's automotive industry through any future mergers or
Lewenza called the rumoured GM-Chrysler merger a "shell game."
"We cannot solve the industry's problems by reshuffling company brands,"
he said.
The statement also commits the union to use every avenue at its disposal
to protect Canadian facilities, including calling on the federal Competition
Bureau opposing any merger that does not include protection for Canadian
The full content of the statement is available on Welcome to CAW - TCA Canada.


Nitro Year: 2007 (1 of 91,815 sold in 07)
Nitro Model: R/T 4X4 Stone White
CAT-BACK Exhaust, CAI, Projector Head Lamps
Fully-Equipped w/all factory options
rickaren is offline  
Sponsored Links

  Dodge Nitro Forum > Dodge Nitro News & Polls > Chrysler/Dodge/Jeep News

Quick Reply

Register Now

In order to be able to post messages on the Dodge Nitro Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Please enter a password for your user account. Note that passwords are case-sensitive.


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode

Similar Threads
Thread Thread Starter Forum Replies Last Post
G.M. and Chrysler Explore Merger rickaren Chrysler/Dodge/Jeep News 7 10-17-2008 11:02 AM
Chrysler to Unveil New PT Cruiser rickaren Chrysler/Dodge/Jeep News 2 08-12-2008 08:55 AM
Chrysler LLC Prices New Hybrids Thousands Below Competition rickaren Chrysler/Dodge/Jeep News 0 06-17-2008 09:52 AM
Chrysler LLC Salutes Nearly 200 Dealers That Sold at Least 1,000 Units in 2007 rickaren Chrysler/Dodge/Jeep News 1 04-22-2008 06:25 PM
20 Years of Chrysler Concept Vehicles rickaren Chrysler/Dodge/Jeep News 0 05-25-2007 10:42 AM

Posting Rules  
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

For the best viewing experience please update your browser to Google Chrome