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the third option is to force foreign companies to manufacture locally (which is often the case). It's kind of the best of both worlds.
by WinstonSmith84 1y ago
the third option is to force foreign companies to manufacture locally (which is often the case). It's kind of the best of both worlds.
- cmrdporcupine 1y agoWe don't really have that kind of leverage, and our domestic market isn't large enough to make it compelling.
- tokioyoyo 1y agoTo be fair, BYD has a bus plant in Newmarket.
- cmrdporcupine 1y agoOh, that's interesting, I had no idea. Neat.
- giarc 1y agoThe problem with that is our auto employee salaries would drive the cost of the vehicle up.
- nubinetwork 1y agoWe don't need to force anyone, toyota is happy making cars in Ontario. Kia/Hyundai/Hondas are everywhere on the road, all we needed to do is splash some incentive cash and we could cut out American automakers pretty quickly.
- cmrdporcupine 1y agoUnfortunately, those Japanese manufacturers are located here because of the American market, because even though there's a healthy domestic market... 80% of what they produce is exported to the US through NAFTA, etc. And they're also here because of the auto-parts supply chain that moves freely back and forth across the border. The markets are heavily intertwined and have been for decades. E.g. Ford Canada is just as old as Ford in the US.
- conorcleary 1y agoThey need to, for volume - Canada is outsized