News that slips under the radar
OK, so the news for the North American auto sector is awful. GM is eliminating jobs, cutting workers, Toyota is taking over the field. Got a union job? Sorry sucker, you're out of luck, right?
Right?
On the same day when GM announced their major cuts, when the MSM where ringing their hands at the carnage on the shop floor, who noticed this item?:
DaimlerChrysler AG unveiled plans yesterday to spend $768-million to upgrade two of its Ontario plants, as the only profitable company of the Big Three auto makers boosted its commitment to Canada.
Daimler's investment will improve the flexibility of manufacturing operations in Windsor and Brampton, and finance the construction of a $300-million paint shop in Windsor that is scheduled to open by 2007.
An estimated $610-million will be spent at the Windsor assembly plant alone, including the 185,000-square-foot paint facility...
...Each of the world's four biggest auto makers -- Daimler, Toyota Motor Corp., Ford Motor Co., and General Motors Corp. -- has now made a major investment in Canada over the past couple of years, a winning streak that followed more than a decade of auto industry migration to the southern United States and Mexico.
Funny how the bad news was everywhere, but I didn't know about the good news until I got home and read Borque.
Right?
On the same day when GM announced their major cuts, when the MSM where ringing their hands at the carnage on the shop floor, who noticed this item?:
DaimlerChrysler AG unveiled plans yesterday to spend $768-million to upgrade two of its Ontario plants, as the only profitable company of the Big Three auto makers boosted its commitment to Canada.
Daimler's investment will improve the flexibility of manufacturing operations in Windsor and Brampton, and finance the construction of a $300-million paint shop in Windsor that is scheduled to open by 2007.
An estimated $610-million will be spent at the Windsor assembly plant alone, including the 185,000-square-foot paint facility...
...Each of the world's four biggest auto makers -- Daimler, Toyota Motor Corp., Ford Motor Co., and General Motors Corp. -- has now made a major investment in Canada over the past couple of years, a winning streak that followed more than a decade of auto industry migration to the southern United States and Mexico.
Funny how the bad news was everywhere, but I didn't know about the good news until I got home and read Borque.
posted by Brian at 16:36
<< Home