Canada says auto firms could have faced bankruptcy

Newswire

OTTAWA, March 30 (Reuters) - Some Canadian automotive firms could have faced "disorderly bankruptcy" in coming days without the measures announced by Canada on Monday to help ensure their viability. Canadian Finance Minister Jim Flaherty also said operations would begin using a new Canadian Secured Credit Facility, which he announced in his January budget. The facility will purchase asset-backed securities backed by loans and leases on vehicles and equipment. (Reporting by Randall Palmer ...

Premium Content (PAID Subscription Required)

"Canada says auto firms could have faced bankruptcy" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×