The Canadian units of General Motors and Chrysler have yet to draw on C$4bn (US$3.2bn) in loans made available by the federal and Ontario provincial governments, a minister has said.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
“Chrysler has not drawn down, nor has GM,” federal industry minister Tony Clement told Reuters without elaborating. Ford Canada had not asked for a rescue package.
Clement said negotiations continued with Chrysler and GM, with constant interaction with the US government as well.
