Summary
Toyota Canada, representing the other extreme, wants government-backed credit boosted and sales tax breaks to stimulate consumer buying, clear the dealer lots and thus kick-start new production to meet the demand. Yet there's no political way to sacrifice tens of thousands of General Motors jobs on the altar of ideology, even though the ailing company has yet to produce a compelling blueprint or a precise loan application for a restructuring its own American auditors believe is lurching toward bankruptcy protection.
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Extract
Opinion Column: Pity the Subcommittee
Pity the little subcommittee scrambling to save Canada's car manufacturers.
Its MPs have limited business experience and never lived in anything like this economy, yet they are under intense pressu...See the full content of this document
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