Driving down memory lane, just under a year ago:
McGuinty pitching Ontario to Fiat
McGuinty is meeting today in Turin with senior officials from auto giant Fiat in a bid to secure a new car plant that would aid Ontario’s struggling manufacturing sector.
“We’ve heard that Fiat has at least a high-level interest in a new North American assembly plant, so I’m going to meet with them directly, let them know that if they are contemplating doing that, we are very interested and we bring a lot to the table,” the premier said in London.
While McGuinty declined to say whom at Fiat he is meeting, the company’s CEO is Sergio Marchionne, an Italian-Canadian raised in Toronto and educated there and in Windsor [in fact a University of Windsor graduate]…
Should Fiysler actually happen, how about Brampton for that plant? Not greenfield, and whether it could be re-tooled in any reasonable time…By the way, Fiat ain’t exactly happily out of the woods itself:
In December, Marchionne predicted that, in the wake of the global recession, only six carmakers may survive. “We’re going to end up with one American house, one German of size; one French-Japanese, maybe with an extension ion the U.S.; one in Japan; one in China and one other potential European player,” he told Automotive News Europe. The capacity threshold for survival, he said, is at least 5.5 million cars a year.
But clearly, Marchionne sees a Fiat-Chrysler combination — as a would-be survivor as well…