The automobile fabrication market in Ontario, Canada has had a long history line of sticking their handouts for government assistance. However, can’t we, at the very least, wait for it to ask?
Across countless hours of media coverage of the latest report Tuesday that states the US-owned auto manufacturing will have to broaden production capacity, Premier Dalton McGuinty was proposing to allocate public funds for automobile factories.
The state and rural governments directed billions of dollars on the North US fabrication companies when they faced the brink of exhaustion last 2009. So why are we required to provide them additional support when the industry is on the brink of business destruction?
The main issue is that the 3 Detroit-based fabrication firms cut back so drastically during the recession that they don’t have sufficient capabilities to comply with present and future demands.Never heard of this before? Get up to speed here. This fact actually puts Ontario in a much stronger place. The car manufacturing companies have to broaden their factories for business purposes. They will have to do this with or without public funds and support, the former of course being more preferred. Government usually disputes that corporate giveaways are imperative to compete with foreign markets that are doing the same.