CBC advises it’s probably nothing: The news that Toyota is moving production of its popular Corolla vehicle from Cambridge, Ont., to Mexico is further confirmation that Canada has slipped to third place in North America’s auto sector… (h/t Larry)
CBC advises it’s probably nothing: The news that Toyota is moving production of its popular Corolla vehicle from Cambridge, Ont., to Mexico is further confirmation that Canada has slipped to third place in North America’s auto sector… (h/t Larry)
Oh well maybe if we’re broke enough as a nation they’ll stop coming to take advantage of our “hospitality”.
Oh wait, I forgot about the natural resources. Guess they’ll just come and take those later.
Ontario is doing its best to reduce co2 emissions. Once all the businesses are driven out by high power costs, high taxes and social justice regulations the transformation will be complete.
It’s my understanding (being a resident of Cambridge with a family member working at Toyota) that the move of the Corolla to Mexico allows them to increase Rav4 and Lexus production. These two lines are more profitable, so the move of the Corolla to Mexico will reduce the cost on that model as well. There are no layoffs occurring at Toyota because of this move (at least not this year anyway).
A deep economic impact to that region which can never be absorbed by burger flippers and Walmart greeter jobs – another 4-5K high pay jobs gone for good and this is just the beginning of the end of Ontario’s industrial base – those responsible should feel the pain those workers will. But I won’t hold out hope to see the auto unions bitching because these were non union jobs – so they don’t count – figgin brainless animals.
This is a monumental example of how productivity in North American industrial basins in overburdened by parasitic remittance racketeers -the largest of which is government.
It’s past time to simply fire these dangerous parasites they need indictment and incarceration for crimes angainst their constituents.
Don’t worry… the harpie will find a way to blame Harper for this.
Or Mike Harris.
Don’t forget Mike Harris because it’s Mike Harris’s fault, too, doncha know.
And I betcha George W. Bush had a lot to do with it as well.
” — fuelled by the U.S. economic recovery, ” a telling quote. When you start believing this “economic recovery” in the States then you are already on the highway to hell. 50 million people on food stamps, close to a hundred million not employed, and the government playing the three monkeys game, we are beyond hope
Behind the doors agreements by treceroius world leaders Despots,Dictators and Tyrants and commie pigs as well
“allows them to increase Rav4 and Lexus production.”
I do hope you are right. The Rav4 is a slick looking vehicle.
Went and visited the CBC linked site and the comments are scary. The amount of hate towards Harper is numbing.
What do these fools want in his place?
The greatest planned economy initative ever undertaken in Canada, the Auto Pact, takes another great Leap Forward. How many billions $’s were sent from Western Canada to subsidize this industry to the benefit of eastern Canada? How many billions $ of eastern finance came to benefit the energy industry in Western Canada? If citizens actually did the arithmetic the conclusion would be get us out of here!
When a country has a mindset that says the ‘regions’ must support and subsidize the center you get such deals like Auto Pact and of course the infamous equalization payments. From the National Energy Program which pilfered cash at an accelerated rate to failed attempts to recreate the same process through ‘carbon taxes’. Once a welfare whore always a welfare whore.
Sadly the down turn in energy probably will not last long enough to motivate a rebellion in the West. Sad.
The trend is not your friend in Cambridge. It’s too expensive to produce the Corolla. Next it will be too expensive to make the Rav4. Then production will close because it isn’t cost effective to make only the Lexus.
The problems? “[high] regulatory burden, [high] cost of utilities and poor rail service”. Government, government and a monopoly.
nilesmaxim >
“Don’t worry… the harpie will find a way to blame Harper for this.”
Which is weird considering this move will f8ck up plenty of white people while giving lots of little brown people more sweat shop opportunities. The Liberal left should be jumping for joy.
Completely silent is the CBC on one of the major cost contributors to auto manufacturing in Canada – the skyrocketing cost of electricity. New car plants use more electro-technology. But Ontario’s Green Energy Act helps to wipe out any cost advantages of improving plant productivity.
I heard when Kathleen and her liberal friends at the CBC heard this news they said, “they never liked that Adam Corolla guy anyway”.
Keep in mind that when Toyota first came to Cambridge, Ontario, the city was to receive the second car off the line as a gift (the first went to the President of Toyota Canada), and went into the private possession of the mayor at the time (I think it was Jane Brewer). For the plant, Toyota received 17 years of exemptions from municipal taxes (not bad for the price of a car and other under the counter benefits as yet unnamed). A couple of years ago, Toyota got the same exemption under the current mayor (no reason given as to why) when the previous exemption ran out. So they are effectively not being taxed at the municipal level and haven’t been for approximately 20 years. And yet, they can’t produce their best selling model at their Cambridge plant, only upscale vehicles.
And yes, the moves got us jobs, but at what cost? We will never know.
“What do these fools want in his place?” The answer is terrifyingly simple. They, want a Liberal government! Failing that they want a Liberal/NDP coalition. It’s bad enough that these fools cannot surf the net and learn of the problems in Europe or look south and see the quagmire that the last six years have brought to America, no they want to repeat and double down on the mistakes. The MSM and the fracture parties, (Greens and Seperatists) only exasperate the problems. If the Harper government loses the next election there will be nowhere on the globe to seek asylum!
The people of Ontario are emblematic of most Canadians in that they are abject Socialists and therefore are krypotonite to the investor class like the big automakers. As such they are mostly incapable of internal reflection on how they got here in the first place.
The fact is that the average Canadian has priced themselves out of the market in terms of labor.Unionization in Canada is high. Social spending is off the charts. The cost of living brought on by this is untenable. There are more regulations than trees. Their is a dearth of can-do entrepreneurial spirit. Social Marxist loons are running the asylum and very few rank and file people care.
The southern Right-to-Work states and Mexico are happily gobbling up these jobs while the transgendered Muslim apologistas are crying their eyes out about unisex bathrooms at Queens Park.
The Wynn carbon Tax & trade is not a viable provincial program, given that the Federal Government controls much of the areas of interest… such as rail & all water ways. It is B.S without a complete development plan…
This scheme IMHO is a Federal setup for the NDP to run in the election gaining votes in Quebec & Ontario…get out the vote.
The liberals in Ontario & the CBC are really NDP lite
To the people of Ontario. You are fools. The provinces of Sask. Alberta, and B.C. Are not going to continue to send Equalization money. If Ontario wants to send billions of dollars to Quebec then be my guest. We in western Canada are tired of proping up useless Liberal governments. It is time for Ontario and Quebec to stand on their own two feet. You elected Whynn, now take your medicine and stop crying like a baby.
Wynne’s fiscal mess, high taxes, high energy costs and massive debt are all part of the reason the economy of Canada is in a downturn.
Yes, the voters in Ontario are to blame for repeatedly electing lying McGuinty and then his agenda driven successor Wynne who never saw a tax she didn’t love to use to keep her sad mess afloat.
The voters of Ontario are beyond fools, they’re dangerously irresponsible. Ontario has now the closest thing to a dictatorship we have in all of Canada, as close to Communism as it gets within a democracy.
It’s going to get worse.
cgh and querty nail it.
Fruits of the Frankfurt School.
Bull$hit baffles brains believe the propaganda at your peril keep voting liberal it will all work out.
I worked as an automotive engineer at one of the big three for 17 years. It’s funny the statistics that you come across. For highest production volume, cost savings and lowest quality you built in Mexico. For overall quality you built in Canada. For highest cost and lowest volume you built in the States.
Say, as it happens, and while we’re on the topic, I have been reading this particular item to family members, who are always Conservative:
http://www.theglobeandmail.com/news/politics/hydro-one-privatization-was-not-natural-for-ontario-liberals-clark-says/article24017305/
All had completely forgotten that Ed Clark was the guy who introduced both George W. Bush and Bill Clinton at their little get together at the Toronto Convention Centre on May 29, 2009, with Frank McKenna in the chair:
Frank asked George: “How do you like your chair?” To which George responded, “It doesn’t match my tie.” And Bill responded to the next question, which had something to do with keeping dogs on the porch: “We’re supposed to be the red-necks.”
I have noticed, with great interest, that the purported IPO offering has gone from 15% to 60% in just a few weeks. Apparently, both Bob (“it’s complicated”) Chiarelli and Brad Duguid have signed off on it all.
Who, exactly, on the basis of this particular tater, would even remotely consider a position in Hydro One, exactly? A “dead” company? Really? With the only hope being a maximum ten-percent stake, with the Ontario Government being the controlling shareholder, apparently?
Why not pull a Maggie (“I’m not a feminist, but I hope I’m feminine”) Thatcher, and take the market price, with no strings attached? What, precisely, is wrong with these people?
I’m guessing, of course, but this appears to me to be yet another struggle against abject stupidity. Serenity!
Good thoughts, David. There are many problems with this entire proposal. First understand that H1 operates under a huge number of constraints. For example, it must provide free hookup for renewable energy projects as specified in the Green Energy Act. Also, H1 is not free to operate its business but has its entire operation directed by the government agency IESO. In any normal transmission operation, the grid controller and the grid are one and the same.
A bigger constraint is the 40% government ownership. Regardless of how large or how little the government equity share is, in actual practice such directors are not equal with any of the other directors. In effect they have veto power over the board. What’s worse, their interests are not those of the company but of the government that appoints them. We saw this in the appalling behaviour of Ontario Hydro directors in the late 1980s and early 1990s, with a load of directors representing their constituencies and not what was best for Ontario Hydro. The result was things like the Board nodding agreement at Strong buying Costa Rican rain forest.
These are only the constraints I know of. There will be many others, such as government purchasing policy restrictions. So, the value being thrown around of this 60% stake is a calculated value only. The constraints will subtract some large amount from this. The big unknown is what is the rate of return to be. OPG has a very low rate of return; what is it and will it be for H1? If the government says 2%, I would be saying “buh-bye, don’t call us, we’ll call you”.
There’s nothing wrong with “these people”, David. What they want is to have private capital take equity in the company but have it still run in what they perceive to be the public interest. Dire Straits said it best in the 1990s: “Money for nothing and your chicks for free.”
“The amount of hate towards Harper is numbing…what do these fools want in his place?”
The answer is obvious: Another fool.
I live and have to function in a Liberal enclave. It is truly sad how out of touch these people are. They think that Duffy’s $90K of possibly genuine expense claims is a bigger crime than the $billions the Ontario Liberals have squandered. They have no sense of economics, magnitude or how jobs are created/maintained. At a party on the weekend when I explained 1/3 of all manufacturing jobs have been lost in Ontario in the last 10 years, they didn’t even know! I can only shake my head in wonder and play a fiddle while Ontario burns.