CVMA Highlights Economic Costs to a Potential Rail Strike

TORONTO, Feb. 13, 2015 /CNW/ - The Canadian Vehicle Manufacturers' Association (CVMA), representing FCA Canada Inc., Ford Motor Company of Canada, Limited and General Motors of Canada Limited, strongly encourages all parties to work to avoid any service interruptions of Canada's rail network operated by CP Rail and CN Rail. 

The interruption of parts supply to Canadian auto plants, the potential stranding of thousands of finished vehicles in the rail pipeline destined for Canadian consumers and the idling of vehicle assembly facilities are the anticipated consequences of any strike action.  "The automotive industry continues to make significant contributions to the Canadian economy, and like other industries relies on efficient, timely supply of parts and delivery of its products by rail.  It is paramount that all parties demonstrate vigilance to avoid the economic cost of a rail disruption", said Mark Nantais, President,

 

About the Canadian Vehicle Manufacturers' Association (CVMA)

The Canadian Vehicle Manufacturers' Association is the industry association that has represented Canada's leading manufacturers of light and heavy duty motor vehicles for more than 85 years. Its membership includes FCA Canada Inc.; Ford Motor Company of Canada, Limited and General Motors of Canada Limited. Collectively its members account for 62% of vehicles produced in Canada, operate 5 vehicle assembly plants as well as engine and components plants, and have over 1,300 dealerships. 115,000 jobs are directly tied to vehicle assembly in Canada. Direct and indirect jobs associated with vehicle manufacturing are estimated at over 500,000 across Canada. Please visit www.cvma.ca.

 

SOURCE Canadian Vehicle Manufacturers' Association (CVMA)

For further information: Mark Nantais, President, Canadian Vehicle Manufacturers' Association, 416.364.9333

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www.cvma.ca

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