The great recession just ended last year. After 10 years of ever falling employment and loss of manufacturing base few regions in Canada remain unscathed. As gold prices soared to $2500/oz. the economy of Timmins boomed. The biggest gainer though was Sudbury. It had the foresight to woo Magna into building a Nickel cadmium battery plant that supplies batteries to the big 3 Auto manufacturers. (Ford,Toyota, and Magna). The Sudbury plant employs 5000 directly with 4 times that number employed in supply jobs.
Magna became a dominant player after the collapse of Chrysler in 2009. It was one of it's largest creditors and as a result took possession of it's assembly plant in Windsor. General Motors failed in 2012 after the introduction of it's halo car, the all new electric Chevy Volt. Who was going to pay $40,000 for a compact car when Ford in partnership with Magna was selling it's all electric Focus for $25,000, introduced that same year. Magna also started to supply Toyota and Hyundai with the electric drives for the Camry and Genesis. Demand for electric cars skyrocketed after Iran announced it had successfully built and tested a nuclear weapon. Oil prices broke the $400 U.S./barrell barrier for the first time.
Magna started to manufacture it's own electric car in 2013 after assuming control of the shuttered G.M. plants in Oshawa. Canada was now the largest Auto manufacturer in North America. For a look at what started Magna's ascendancy, click the link below
http://images.google.ca/imgres?imgurl=http://www.fordpedia.org/wp-content/uploads/2009/02/ford-battery-electric.jpg&imgrefurl=http://www.fordpedia.org/2009/02/03/ford-2012-electric-car-just-in-time-for-judgment-day/&usg=__d0KjWTuLVnOPq7e473K8bA01Oqg=&h=333&w=550&sz=125&hl=en&start=4&sig2=_G7AdPu-dAoGHsfo5rDp5g&um=1&tbnid=BM1j5k0pji-lLM:&tbnh=81&tbnw=133&prev=/images%3Fq%3Dfords%2Belectric%2Bcar%26hl%3Den%26rlz%3D1T4GGLF_enCA303CA303%26sa%3DN%26um%3D1&ei=SGbiSc_WAZTznQe98PCZDg
The following story is just my opinion on what may happen with our economy. The part regarding Magna building the electric drives for Ford is true. It's time to wake up Sudbury!!!
Why couldn't we have a manufacturing plant for Nic/Cad Batteries? What is Sudbury known for?......pass me another beer?
Magna became a dominant player after the collapse of Chrysler in 2009. It was one of it's largest creditors and as a result took possession of it's assembly plant in Windsor. General Motors failed in 2012 after the introduction of it's halo car, the all new electric Chevy Volt. Who was going to pay $40,000 for a compact car when Ford in partnership with Magna was selling it's all electric Focus for $25,000, introduced that same year. Magna also started to supply Toyota and Hyundai with the electric drives for the Camry and Genesis. Demand for electric cars skyrocketed after Iran announced it had successfully built and tested a nuclear weapon. Oil prices broke the $400 U.S./barrell barrier for the first time.
Magna started to manufacture it's own electric car in 2013 after assuming control of the shuttered G.M. plants in Oshawa. Canada was now the largest Auto manufacturer in North America. For a look at what started Magna's ascendancy, click the link below
http://images.google.ca/imgres?imgurl=http://www.fordpedia.org/wp-content/uploads/2009/02/ford-battery-electric.jpg&imgrefurl=http://www.fordpedia.org/2009/02/03/ford-2012-electric-car-just-in-time-for-judgment-day/&usg=__d0KjWTuLVnOPq7e473K8bA01Oqg=&h=333&w=550&sz=125&hl=en&start=4&sig2=_G7AdPu-dAoGHsfo5rDp5g&um=1&tbnid=BM1j5k0pji-lLM:&tbnh=81&tbnw=133&prev=/images%3Fq%3Dfords%2Belectric%2Bcar%26hl%3Den%26rlz%3D1T4GGLF_enCA303CA303%26sa%3DN%26um%3D1&ei=SGbiSc_WAZTznQe98PCZDg
The following story is just my opinion on what may happen with our economy. The part regarding Magna building the electric drives for Ford is true. It's time to wake up Sudbury!!!
Why couldn't we have a manufacturing plant for Nic/Cad Batteries? What is Sudbury known for?......pass me another beer?
Touche' Minor!
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