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Canadian Automakers Trim Production

Canadian Automakers Trim Production

Monday, June 9, 2003
 
Weak U.S. sales has forced automakers in Canada to trim production, with more cuts possible over the summer, according to analysts interviewed by The Canadian Press. Production cuts, say the analysts, may very well lead to layoffs at Canadian assembly and parts plants. Ford and General Motors already have announced lower production for the third quarter—down 15 percent and 6 percent, respectively--while DaimlerChrysler is looking at a second-quarter U.S. operating loss, which may lead to production cuts at its Canadian plants.

 

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