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Canadian government offers $4 billion (CAD) to auto makers

December 21, 2008 – 11:49 pm – No Comment

The Canadian federal, as well as Ontario, government will be providing $4 billion Canadian dollars ($3.29 billion U.S. dollars) to the Canadian subsidiaries of the Detroit Three automakers.
“The Canadian plan will provide General Motors Canada with loans of up to 3 billion Canadian dollars ($2.47 …

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