Ontario Auto Sector Back On Track

Ontario Liberal Plan Protected Over 400,000 Auto Sector Jobs

BRAMPTON, ON, Sept. 30, 2011 /CNW/ - When the last global recession hit, Premier Dalton McGuinty acted quickly with the federal governments of Canada and the United States and today Ontario is the top auto maker in North America.

"Ontario builds more cars than any other place in North America, and the industry provides over 400,000 good jobs for Ontario families," McGuinty said. "Others would have cut those people loose — we chose to act, and in challenging times, we'd do the same thing again."

Ontario provided $4.8 billion in the restructuring of GM and Chrysler. In May, Chrysler repaid their loan in full — six years ahead of schedule. Support for GM and Chrysler helped protect Ontario's entire auto sector from collapse, both the other automakers and suppliers.  Many suppliers would not have survived the loss of GM and/or Chrysler and would not have been in a position to continue supplying Ford, Toyota and Honda in the province.

"When the chips were down, we had the backs of auto workers and their families," said McGuinty. "They rose to the occasion and have put us back on top. We showed our confidence in Chrysler and today Chrysler continues to demonstrate its confidence in Ontario."

Ontario is the number-one producer of jobs in Canada, and the best at turning foreign direct investment into jobs for Ontario families. But there's still a lot of uncertainty in the global economy.

"Our auto-sector is back on track and I want to thank Ontario's auto workers for all their hard work and determination," said McGuinty. "Just as we weathered the last recession, we will continue to stand strong, moving forward, together."

The Hudak PCs opposed government investment in the auto sector. They have $14 billion in unfunded giveaways and tax cuts that would mean deep cuts to hospitals and schools. The Horwath NDP would introduce a crushing $9 billion in job-killing taxes. Both would take Ontario off track at the worst time.

"Now is not the time for experimentation or political expedience. We need strong, steady leadership. Only the Ontario Liberals have a plan to move us forward, together," McGuinty said.

SOURCE Ontario Liberal Party

For further information:

Ontario Liberal Party Media Office:
416 961-3800 ext. 328

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