It is bail out season again


damngrumpy
#1
Isn't it funny there is no money for any projects on the Canadian scene yet our governments can give
hundreds of millions of dollars to Toyota Canada, which is really a Japanese investment.
Toyota Motor Manufacturing Canada Inc. (TM-N83.600.150.18%), backed by the federal and Ontario governments, will unveil plans Tuesday to invest about $500-million to finance productivity and production improvements and green initiatives at the auto maker’s two Ontario assembly plants.
The governments will each invest about $60-million, said sources familiar with an announcement to be made at the company’s plant in Cambridge, Ont., by Gary Goodyear, federal Minister of State for Science and Technology, and John Milloy, Ontario’s Minister of Training, Colleges and Universities.
More related to this story
The government financing represents the first major financial contribution they have made to an auto maker since they spent about $13-billion to help bail out Chrysler LLC and General Motors Corp. during the recession that led to the auto industry crisis in 2008-09.
The Toyota funding is a response to the first of what is expected to be a new round of requests from auto makers seeking financial help to upgrade their Canadian plants as product mandates now held by those plants expire and as the companies seek ways to offset the billions of dollars they are spending to meet new fuel economy regulations.
The projects Toyota is examining include an upgrade to the paint shop at the assembly plant in Cambridge, which assembles the Toyota Corolla compact sedan and the Lexus RX350 luxury crossover utility vehicle, industry sources said.
The projects could lead to increased production in Cambridge and at a nearby plant in Woodstock that puts together the RAV4 crossover, the sources said. A federal government source said that could lead to more jobs at the two plants, which now employ about 6,500 people.
Improving productivity has been identified as one of the key challenges facing Canada’s manufacturing industry, especially as manufacturers deal with the impact of the high value of the Canadian dollar.
The announcement comes as Toyota struggles to get the two Canadian plants back to full production following the March earthquake in Japan, which severely disrupted the operations of parts suppliers there.
The Cambridge facility is the only Toyota plant outside Japan that assembles vehicles for the company’s luxury Lexus franchise.
It is one of the three plants that tied in the annual J.D. Power and Associates annual survey of initial quality. The Cambridge plant shared the platinum award with a Lexus plant in Japan and a Honda Motor Co. Ltd. plant in Greensburg, Ind., which turned out vehicles with the fewest defects and malfunctions.
Much of that dedication to quality comes from strong leadership, the hiring of capable people and the willingness of Canadian workers to be trained, industry sources said.
“The issue is, can you train them enough to offset a Canadian dollar trading at $1.03 (U.S.)?” one source said.


Doesn't this just warm you heart? I am not saying that the government should not step in and help where they can but this is
not the kind of help they should be providing. There are other sectors out there who need help as well and the government is
doing nothing to help.

Agriculture and other programs go without or face cutbacks in budgets yet the foreign car companies can slap a Canada
behind their name and line up for money. 500 million for foreign interests nothing for post secondary education students and
others.
We are shelling out treats more often that kids get once a year for Halloween
 
petros
#2
Because it's Greeeeeen. The New Socialism.
 
Nuggler
#3
Yah, well they might just provide some jobs. That wouldn't be too shabby.
 
ironsides
#4
Ping, ball is in your court this time. Toyota is one company that needs help and they do provide jobs.
 
petros
#5
Quote: Originally Posted by ironsidesView Post

Ping, ball is in your court this time. Toyota is one company that needs help and they do provide jobs.

Soviet jobs or go and get yourself a real job like a man jobs?
 
Durry
#6
What's a matter with you easterners, can't you build cars without having to use my money ???

Like, really, what else do I have to do for you, do you need the westerns to go and show you how to build these fkn cars as well ???

Feds, Ontario offer cash in $545M Toyota upgrade - Business - CBC News
 
TenPenny
#7
Quote: Originally Posted by DurryView Post

What's a matter with you easterners, can't you build cars without having to use my money ???

Like, really, what else do I have to do for you, do you need the westerns to go and show you how to build these fkn cars as well ???

Feds, Ontario offer cash in $545M Toyota upgrade - Business - CBC News

How many cars do they build out west?
 
petros
#8
3 or 4
 
Durry
#9
Quote: Originally Posted by TenPennyView Post

How many cars do they build out west?

We don't build any out west, it doesn't make sense to build out west.

It is because of smart decisions like this that provides us with money, unfortunately we have to use this money to support Ontario, (because of their incompetents) in transfer payments and auto making jobs.
 
lone wolf
#10
Keep your damned money ... if you have brains enough to figure out how much "your portion" would be without having to resort to taking your shoes off to count that high....
 
lone wolf
#11
Must suck that Toyota's not a union shop
 
petros
#12
Why? Soviets don't like Unions.
 
lone wolf
#13
Don't know.... Toyota Canada ... guess you don't either....
 
gerryh
+3
#14  Top Rated Post
isn't it amazing how the present "have" provinces bitch about spreading the wealth yet when they were a "have not" province they had no problem sticking their hand out.
 
TenPenny
#15
Quote: Originally Posted by gerryhView Post

isn't it amazing how the present "have" provinces bitch about spreading the wealth yet when they were a "have not" province they had no problem sticking their hand out.

Yes, it's amazing how Alberta miraculously appeared, fully formed, with railways, settlers, and everything, with absolutely no input from the rest of the country.
 
petros
#16
Quote: Originally Posted by TenPennyView Post

Yes, it's amazing how Alberta miraculously appeared, fully formed, with railways, settlers, and everything, with absolutely no input from the rest of the country.

He is referring to BC.
 
gerryh
#17
Quote: Originally Posted by petrosView Post

He is referring to BC.


Not just BC
 
YukonJack
#18
Quote: Originally Posted by lone wolfView Post

Must suck that Toyota's not a union shop

So is the most modern tire factory in North America, in Napanee, Ontario.
 
TenPenny
#19
Quote: Originally Posted by YukonJackView Post

So is the most modern tire factory in North America, in Napanee, Ontario.

Michelin was able to keep their plants union-free by having legislation written specifically for them.
 
taxslave
+1
#20
Quote: Originally Posted by petrosView Post

3 or 4

More than that if you count the electrics built in Errington.

Quote: Originally Posted by lone wolfView Post

Keep your damned money ... if you have brains enough to figure out how much "your portion" would be without having to resort to taking your shoes off to count that high....

unless you are counting in pennies I doubt that it would be necessary to take your shoes off.
 
taxslave
#21
Quote: Originally Posted by petrosView Post

He is referring to BC.

The only time BC was ever a have not province was when we had the sad misfortune of having a socialist government. Dark days indeed.
 
Durry
#22
Quote: Originally Posted by taxslaveView Post

The only time BC was ever a have not province was when we had the sad misfortune of having a socialist government. Dark days indeed.

And Ontario's problem is...........?
 
Durry
#23
Quote: Originally Posted by lone wolfView Post

Keep your damned money ... if you have brains enough to figure out how much "your portion" would be without having to resort to taking your shoes off to count that high....

Yeah I would like to keep my money and I don't want yours either.

Let me see, here's how I contribute to your well being;
-Fed gov is in Ont and I contribute to it's welfare
-continue to support the auto industry thr loans
-provide transfere payments due to incompetent management of the province.

I think enough is enough.
You make your bed, you sleep in it,
I'll make my bed, and I'll sleep in it..

Is this a deal you can live with ???
 
lone wolf
+3
#24
So far, all I've seen you contribute to anything is open-mouthed ignorance, insults and tattle-tale whining. The thing is, you don't practice as you preach - so why don't you take the two bucks your portion of 71.5 million dollars for a loan to Toyota in Ontario would be, go to the coffee shop and watch Muslim jailbait get groped.
 
Cliffy
#25
Quote: Originally Posted by taxslaveView Post

The only time BC was ever a have not province was when we had the sad misfortune of having a socialist government. Dark days indeed.

Is the logging industry doing better today after ten years of right wing capitalist pigs being in office? At what cost did Campbell get the economy jump started? Is it still running?
 
Durry
-1
#26
Quote: Originally Posted by lone wolfView Post

So far, all I've seen you contribute to anything is open-mouthed ignorance, insults and tattle-tale whining. The thing is, you don't practice as you preach - so why don't you take the two bucks your portion of 71.5 million dollars for a loan to Toyota in Ontario would be, go to the coffee shop and watch Muslim jailbait get groped.

Kinda sounds like you can't live with the deal I am offering you.
What'sa matter, need more hand outs?? That's what happens when you grow up in a culture of hand outs!!
 
lone wolf
+1
#27
Quote: Originally Posted by DurryView Post

Kinda sounds like you can't live with the deal I am offering you.
What'sa matter, need more hand outs?? That's what happens when you grow up in a culture of hand outs!!

Experience talking?
 
lone wolf
+1
#28
Quote: Originally Posted by DurryView Post

And Ontario's problem is...........?

Hydro costs....

Thank a Tory
 
55Mercury
#29
Quote: Originally Posted by DurryView Post

What's a matter with you easterners, can't you build cars without having to use my money ???

Like, really, what else do I have to do for you, do you need the westerns to go and show you how to build these fkn cars as well ???

Feds, Ontario offer cash in $545M Toyota upgrade - Business - CBC News

It's those Japanese, I tell ya!

They're so east they're west!
 
Durry
#30
Quote: Originally Posted by 55MercuryView Post

It's those Japanese, I tell ya!

They're so east they're west!

The Japanese and Koreans play a large role, no doubt.
You gotta be good to compete, which begs the question,,,,,Ontario???? Really!!
 

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