Not surprisingly though, officials from the Canadian and Ontario governments have followed the U.S. government's lead by officially rejecting the restructuring plans of General Motors and Chrysler. The Canadian officials said the automakers' current plans do not go far enough and will not be certified as they are. In fact, they're basically copying and pasting the new deal for automakers announced by the U.S. government earlier, saying that GM has 60 days to redo its plan while receiving a portion of the C$3 billion it requested and Chrysler has 30 days to finalize its partnership with Fiat while receiving C$250 million of the C$1 billion it requested.
Let's see where all this end up to, Detroit!
Source : [The Detroit News]