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Canada Offers Billions for Auto Bailout

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Hold on baby, here I come.

*A collapse of the Detroit Three automakers would put nearly 600,000 Canadians out of work within five years, most of them in Ontario, as the impact ripples through the entire economy. The study, commissioned by the Ontario Manufacturing Council, a government advisory panel of industry and labour representatives, warned that a collapse of General Motors Corp, Ford Motor Co and Chrysler Corp would spread across the country, hitting creditors, suppliers, parts manufacturers and dealerships. Effects on employment would be felt right away, the report states, with Canada losing 323,000 jobs if production ceased immediately, and 281,800 in Ontario alone, the report forecasts. Those figures would climb in five years to 582,000 jobs nationally in 2014, 517,000 of those in Ontario. A U.S. diplomat said that Prime Minister Stephen Harper called President George W. Bush said that if the United States provided aid, Canada would provide its own aid of 20 percent, which could amount to several billion dollars from Ottawa. Canada's potential $2.8 billion rescue package for the U.S.-based automakers is just the first of what could be several payments, Ontario Premier Dalton McGuinty says. McGuinty said that the C$3.4 billion promised jointly by Ottawa and Ontario to the Detroit Three is simply a lifeline to sustain the industry. General Motors (GM Quote - Cramer on GM - Stock Picks), Chrysler and Ford Motor (F Quote - Cramer on F - Stock Picks) all have large operations in Ontario. McGuinty warns it's too early to speculate on how high the aid could go because the province is still assessing documents and plans. However the Canadian aid for the automakers won't come until the U.S. makes its plans known.

ニュースアニメ「米ビッグスリーが破綻すればカナダ人58万人が失業」
カナダ・オンタリオ州製造業委員会(OMC)は、米大手自動車メーカーのビッグスリーが破綻すれば、カナダで今後5年間に約60万人が失業するとの報告を公表した。失業の大半はオンタリオ州に集中するという。州政府諮問機関OMCが委託した調査報告では、ビッグスリーが破たんすれば、影響はカナダ全域に浸透し、債権者、供給業者、部品メーカー、ディーラーが打撃を受けると分析。ビッグスリーが生産を停止すればカナダ人32万3000人が即時失業となり、うち28万1800人はオンタリオ州に集中すると指摘した。さらに、2014年までには、カナダ全体の失業者は58万2000人に上り、うちオンタリオ州は51万7000人になるとしている。カナダのハーパー首相とオンタリオ州のマクギンティ首相は、米国政府がGMとクライスラーに対して174億ドルのつなぎ融資を行うと発表したことを受け、同2社のカナダ現地法人に対し40億カナダドル(33億ドル)の緊急融資を実施すると発表した。フォードのカナダ法人は緊急融資による支援を申し出ていない。ハーパー首相は、カナダ国内にある工場を米国に移す可能性のある業界再編は容認しない、と延べた。さらに、ブッシュ政権と次期オバマ政権が、自動車各社を破たんさせることはないと明言した、と語った。

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