USMCA Trade Deal – What’s New?
Recently, it was announced that the US, Mexico and Canada have finalized the United States-Mexico-Canada Agreement (USMCA). This new North American trade deal is intended to replace the North American Free Trade Agreement (NAFTA), the 1994 pact that governs free trade policies between the three nations. The key changes to the agreement update the 25-year old […]
The 2015 Automotive Supplier Innovation Program (ASIP)
Over the next five years, the Government of Canada proposes to invest $100 million to develop the Automotive Supplier Innovation Program (ASIP). The program is designed to support Canadian automotive suppliers that are looking to develop commercially viable, ground-breaking products that meet new emission, safety, and fuel efficiency standards. Through the ASIP, small- to medium-sized […]
Chrysler Threatens Shutdown of Canadian Operations
Last week’s threat by Chrysler to close Canadian plants if it doesn’t win big concessions from the CAW is possibly one the most troubling announcements since the beginning of the auto industry meltdown. Tom LaSorda, Chrysler president, said the company needs to lower its labour costs by about 25%, reducing wages from the current estimated […]