Canada As Car Builder Losing Lustre

The Canadian dollar's rise is also biting into Canada's attractiveness as a site to build cars and trucks, Mr. LaSorda said in an interview with a select group of reporters Sunday at the North American International Auto Show here, making it one of the most expensive countries in the world in which to build vehicles. Chrysler has to consider these costs, together with where sales are coming from, in making decisions about where to build. The company's two Canadian assembly factories currently build about one quarter of the automaker's total production in North America, the highest of any Detroit automaker. "You only have so much capital and where's the growth? The growth is outside NAFTA," Mr. LaSorda said. "More investments will have to go in other regions." http://www.financialpost.com/story.html?id=235390

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