Ottawa wrote off $2.6 billion last year that it wouldn’t collect from the automaker.
In his 32-year career at Ford, and then at Chrysler, Iacocca helped launch some of Detroit’s bestselling and most significant vehicles.
Automaker cutting the third shift, which produces the Chrysler Pacifica, its hybrid version, and Dodge Grand Caravan.
At least 18 factories and other facilities run by General Motors, Ford and Fiat Chrysler affected.
About 2,600 unionized workers and 340 other staff to lose jobs.
Key to the jump was a writeoff that was part of a financing package to keep automaker Chrysler afloat during the recession.
Unexpected complications from surgery in Zurich.
Of major automakers, only Hyundai and Volkswagen reported increases.
Ford sales numbers delayed by fire.
Unifor has threatened job action if it doesn’t get an agreement before midnight on Sept. 19.
Major oil companies haven’t approached governments for assistance and remain in relatively good financial shape.
PLANT and the decade of change.
Funds will be used to upgrade minivan plant and help finance an R&D project in Windsor.
Transition will impact the automaker’s manufacturing footprint across the globe.
Authorities say Dongfeng Nissan Auto Sales Co. violated anti-monopoly laws by improperly enforcing minimum prices.