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Effects of the 2008–10 automotive industry crisis on Canada

Index Effects of the 2008–10 automotive industry crisis on Canada

The Canadian auto industry is closely linked to the U.S., due to the Automotive Products Trade Agreement and later the North American Free Trade Agreement (NAFTA), and is in similar trouble. [1]

32 relations: Automotive industry crisis of 2008–10, Barack Obama, Big Three (automobile manufacturers), Buzz Hargrove, Canada–United States Automotive Products Agreement, Canadian Auto Workers, Canadian Taxpayers Federation, Chrysler, Chrysler Chapter 11 reorganization, Dalton McGuinty, Dennis Desrosiers, Effects of the 2008–10 automotive industry crisis on the United States, Fiat Automobiles, Ford Motor Company, Frank Valeriote, Fraser Institute, General Motors, General Motors Chapter 11 reorganization, House of Commons of Canada, Ken Lewenza Sr., National Post, North American Free Trade Agreement, Ontario, Paid time off, Ron Gettelfinger, Sergio Marchionne, Subprime mortgage crisis, Thomas W. LaSorda, Tony Clement, Tranche, United Automobile Workers, University of Toronto.

Automotive industry crisis of 2008–10

The automotive industry crisis of 2008–2010 was a part of a global financial downturn.

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Barack Obama

Barack Hussein Obama II (born August 4, 1961) is an American politician who served as the 44th President of the United States from January 20, 2009, to January 20, 2017.

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Big Three (automobile manufacturers)

In the automotive industry of the United States of America, the term Big Three refers to the country's three largest automobile manufacturers: General Motors, Ford, and Fiat Chrysler (FCA US).

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Buzz Hargrove

Basil Eldon "Buzz" Hargrove, (born March 8, 1944, Bath, New Brunswick, Canada) is the former National President of the Canadian Auto Workers trade union.

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Canada–United States Automotive Products Agreement

The Canada—United States Automotive Products Agreement, commonly known as the Auto Pact or APTA, was a trade agreement between Canada and the United States.

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Canadian Auto Workers

The Canadian Auto Workers (CAW; formally the National Automobile, Aerospace, Transportation and General Workers Union of Canada) was one of Canada's largest and highest profile labour unions.

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Canadian Taxpayers Federation

The Canadian Taxpayers Federation (CTF) (French: La Fédération canadienne des contribuables) is a federally incorporated, non-profit organization that claimed 29,102 donors in 2016.

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Chrysler

Fiat Chrysler Automobiles US LLC (commonly known as Chrysler) is the American subsidiary of Fiat Chrysler Automobiles N.V., an Italian-American automobile manufacturer registered in the Netherlands with headquarters in London, U.K., for tax purposes.

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Chrysler Chapter 11 reorganization

Chrysler LLC and twenty-four of its affiliated subsidiaries filed a consolidated petition for bankruptcy on April 30, 2009, with the federal bankruptcy court in New York.

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Dalton McGuinty

Dalton James Patrick McGuinty, Jr., (born July 19, 1955) is a Canadian retired politician who served as the 24th Premier of Ontario from 2003 to 2013.

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Dennis Desrosiers

Dennis Desrosiers (born March 28, 1949) is a Canadian former professional ice hockey player and coach.

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Effects of the 2008–10 automotive industry crisis on the United States

Beginning in the later half of 2008, a global-scale recession adversely affected the economy of the United States.

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Fiat Automobiles

Fiat Automobiles S.p.A. (originally FIAT, lit) is the largest automobile manufacturer in Italy, a subsidiary of FCA Italy S.p.A., which is part of Fiat Chrysler Automobiles (previously Fiat S.p.A.). Fiat Automobiles was formed in January 2007 when Fiat reorganized its automobile business, and traces its history back to 1899 when the first Fiat automobile, the Fiat 4 HP, was produced.

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Ford Motor Company

Ford Motor Company (commonly referred to simply as "Ford") is an American multinational automaker headquartered in Dearborn, Michigan, a suburb of Detroit.

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Frank Valeriote

Frank Valeriote (born August 15, 1954) is a Canadian politician.

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Fraser Institute

The Fraser Institute is a Canadian public policy think tank and registered charity.

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General Motors

General Motors Company, commonly referred to as General Motors (GM), is an American multinational corporation headquartered in Detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services.

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General Motors Chapter 11 reorganization

The 2009 General Motors Chapter 11 sale of the assets of automobile manufacturer General Motors and some of its subsidiaries was implemented through Chapter 11, Title 11, United States Code in the United States bankruptcy court for the Southern District of New York.

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House of Commons of Canada

The House of Commons of Canada (Chambre des communes du Canada) is a component of the Parliament of Canada, along with the Sovereign (represented by the Governor General) and the Senate.

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Ken Lewenza Sr.

Ken Lewenza Sr. (born 1954 in Windsor, Ontario, Canada) was the National President of the Canadian Auto Workers union, having been acclaimed at that organization's national convention on September 6, 2008.

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National Post

The National Post is a conservative Canadian English-language newspaper.

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North American Free Trade Agreement

The North American Free Trade Agreement (NAFTA; Spanish: Tratado de Libre Comercio de América del Norte, TLCAN; French: Accord de libre-échange nord-américain, ALÉNA) is an agreement signed by Canada, Mexico, and the United States, creating a trilateral trade bloc in North America.

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Ontario

Ontario is one of the 13 provinces and territories of Canada and is located in east-central Canada.

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Paid time off

Paid time off or personal time off (PTO) is a policy in some employee handbooks that provides a bank of hours in which the employer pools sick days, vacation days, and personal days that allows employees to use as the need or desire arises.

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Ron Gettelfinger

Ronald A. Gettelfinger was the president of the United Auto Workers from 2002 to 2010.

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Sergio Marchionne

Sergio Marchionne (born June 17, 1952) is an Italian-Canadian executive who is currently the Chairman of CNH Industrial, the Chairman & CEO of Fiat Chrysler Automobiles, the Chairman and CEO of Ferrari and also Chairman of Maserati.

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Subprime mortgage crisis

The United States subprime mortgage crisis was a nationwide banking emergency, occurring between 2007 and 2010, that contributed to the U.S. recession of December 2007 – June 2009.

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Thomas W. LaSorda

Thomas William LaSorda, (born July 24, 1954, in Windsor, Ontario, Canada) is a Canadian-American automobile industry executive who served as CEO and President of the Chrysler Group.

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Tony Clement

Tony Peter Clement, (born January 27, 1961) is a Canadian federal politician and Member of Parliament of the Conservative Party of Canada.

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Tranche

In structured finance, a tranche is one of a number of related securities offered as part of the same transaction.

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United Automobile Workers

The International Union, United Automobile, Aerospace, and Agricultural Implement Workers of America, better known as the United Automobile Workers (UAW), is an American labor union that represents workers in the United States (including Puerto Rico) and Canada.

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University of Toronto

The University of Toronto (U of T, UToronto, or Toronto) is a public research university in Toronto, Ontario, Canada on the grounds that surround Queen's Park.

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References

[1] https://en.wikipedia.org/wiki/Effects_of_the_2008–10_automotive_industry_crisis_on_Canada

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