Canada names former Toyota exec as new car czar
In announcing the appointment, the Canadian federal minister of industry and the Ontario provincial economic minister highlighted the roles played by their governments in bailing out General Motors and Chrysler during the financial crisis, and their country's place in the North American automotive industry.
The announcement was made against the backdrop of a shifting industry, however, which has been growing in the southern United States and in Mexico, but has been shrinking by contrast in Canada. With the Canadian dollar and labor costs both rising, automakers have been closing and downsizing their plants in the country. AN points out that the only new plant built in Canada in the past two decades was the Toyota facility in Woodstock, Ontario – which Tanguay spearheaded.
- Most and least efficient car companies
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models