Big investment decisions loom for auto makers and the federal and Ontario governments in the next four years as companies take advantage of a new contract that should stabilize their labour costs and possibly cut them.
The high value of the dollar will not help the Canadian auto industry in the years ahead. But a buoyant U.S. market could bolster the case for General Motors Co. to invest at its Cami operation in Ingersoll, Ont., Chrysler Group LLC to add a paint shop in Brampton, Ont., and GM and Ford Motor Co. to upgrade engine plants in St. Catharines, Ont., and Windsor, Ont.
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While the new labour agreement secures all but one of the Canadian plants of the Detroit Three for the next four years, the decisions made between now and 2016 will determine the future of those facilities until the early part of the next decade and whether the companies will be the major job providers they have been for generations.
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An investment of more than $1-billion by Ford to redevelop its Oakville, Ont., assembly complex is regarded as all but a foregone conclusion, although the federal and Ontario governments have not made final decisions on a request for more than $400-million in financial assistance.
That investment would give the plant a new lease on life of about 10 years and likely lead to a full third shift of workers, versus the two working there now.
Read More: http://www.theglobeandmail.com/report-on-business/economy/manufacturing/canadian-auto-industry-stands-at-the-crossroads/article4573342/
Fat Chance: Diet Coke Fights Obesity?
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Overweight 6-Year-Old Vows To Change Lifestyle After Second Heart Attack
HOUSTON—Describing his second heart failure in the span of two years as “a real wake up call,” obese 6-year-old Nicholas Bleyer announced Tuesday that he was finally trying to turn his life around.
Obesity rates rise in county schools
By the time students in Forsyth County reach high school, more than 40 percent of them are overweight or obese, according to a BMI study released by Winston-Salem/Forsyth County Schools.
