Industry Canada

Industry Canada
Government of Ontario

Government of Ontario

February 20, 2009 17:55 ET

Ministers Clement and Bryant Receive Restructuring Plans From Chrysler and GM

OTTAWA, ONTARIO--(Marketwire - Feb. 20, 2009) - Today, the Honourable Tony Clement, Canada's Minister of Industry, and the Honourable Michael Bryant, Ontario Minister of Economic Development, confirmed they have received restructuring plans, as requested in December 2008, from Chrysler Canada Inc. and General Motors of Canada Limited.

"Over the coming weeks, my officials and I will evaluate the plans to ensure that they include a long-term solution for a viable auto industry in Canada," said Minister Clement. "As I have said in the past, all stakeholders have to be part of the solution, and that is what I will be looking for in these plans.

"The plan we received from Chrysler requires more information on its Canadian operations before we can evaluate it properly. We look forward to further discussion on the company's long-term restructuring plan for Canada," added Minister Clement.

"This is the beginning of the next stage of a negotiation. We will examine these plans and base our next steps on what preserves the public interest," said Minister Bryant.

The automotive industry in Canada directly represents 14 percent of the country's manufacturing output and 23 percent of manufactured exports, and directly employs over 150 000 Canadians. It is the country's largest industry within the manufacturing sector.

Contact Information

  • Office of the Honourable Tony Clement
    Minister of Industry
    Pema Lhalungpa - Press Secretary
    Office of the Honourable Michael Bryant
    Greg Crone
    Minister of Economic Development of Ontario
    Industry Canada
    Media Relations