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Thursday, November 20, 2008 

Chrysler Canada Wants $1 Billion Corporate Welfare Payment From Taxpayers



The first of the three big auto makers has spelled out how much welfare it wants from taxpayers to bail out it's massively overpaid executives who continue to manufacture gas guzzling cars that consumers are no longer actively interested in purchasing.

TORONTO and OTTAWA — Chrysler Canada Inc. has asked Ottawa and Ontario for $1-billion in financial assistance to help it survive through the auto crisis – the only one of the Canadian units of the Detroit Three that so far has specified how much it is seeking.

The auto maker has not said what form of assistance it wants or how the amount would break down between the two governments, sources familiar with the discussions said yesterday.

Report on Business



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