Company spokesman Stew Low isn't counting out drawing funds from the Canadian government, stating that GM could "still require the offered assistance, as our 'self-help' efforts are for the short term." In the mean time, Canadian spokesman Darren Cunningham told the Windsor Star that GM still intends to draw up a proposal to Canada and submit it by February 20. In order to draw the $3 billion some point in the future, the plan would have to include the lowering of wages to stay competitive with Japanese automakers. Chrysler is still in negotiations with the Canadian Government for its share of the loan offer.
[Source: Windsor Star]