This report examines the short-and medium-term economic and profitability outlook for Canada’s Motor Vehicle Manufacturing Industry.
Canada’s Motor Vehicle Manufacturing Industry: Industrial Outlook Spring 2015
Canada’s Motor Vehicle Manufacturing Industry: Industrial Outlook Spring 2015
Industry Economic Analysis
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- Lower dollar—With the Canadian dollar expected to stabilize in the US$0.85 range, profit margins will receive a boost as domestic production becomes more competitive.
- New Investments—Fiat Chrysler and GM recently announced new investments in their Windsor and Ingersoll plants worth over $2.5 billion. That will help ensure continued production in these plants over the medium term.
- Layoffs—GM announced that it will lay off 1,000 workers at its Oshawa plant as it shifts production of its Camaro model to Michigan. With more layoffs expected next year, a dark cloud hangs over this plant’s future.
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