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Canada, CAR INDUSTRY

Ottawa willing to let GM, Chrysler collapse

JANET MCFARLAND Globe and Mail

Ottawa is prepared to let Canada’s two financially troubled car makers collapse rather than provide long-term financing to companies without a viable future, Industry Minister Tony Clement said Thursday as he ratcheted up the pressure on the Canadian Auto Workers union to negotiate new deals to slash wages and benefits. (continues@reportonbusinees.com)

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