alt Hacker NewsThe message here is that western Canadian agricultural & energy interests are of potential more strategic value than a dying technically backwards auto sector led by three moribund regressive manufacturers who have shown their willingness to show their belly to Trump anyways.
As an Ontarian, I'm saddened. But I don't think the Big3 deserve anymore state support. They've pushed it too far.
Just earlier this week they were running editorials against the gov't on EV mandates. Again. Ok, here you go. Don't want to make EVs? Only want to sell giant Canyoneros?
It's ok. China will service that market. Have fun becoming irrelevant. If consumers really don't want EVs, like they said earlier in the week, then there's nothing to fear. Right? Right?
More that Ontario auto is projected to have no value since Trump has explicitly signaled he wants to kill Canadian auto and reshore to US. If Ontario auto is going, no sense in losing also agriculture especially if oil also going in 5-10 years if VZ ever works to US favor. The only hedge is to save Canadian auto is hoping for some sort PRC JV where Canadian plants keep some jobs and grab some margins, possibly a lot of margins (i.e. no truly cheap EVs) since PRC inputs cheap. Best case scenario is Canada has meaningfully cheaper EVs, but not Chinese cheap, get to hold onto some auto work, have access to worlds largest ag buyer, maybe free up an extra million barrels of oil to export since US will want VZ heavy instead of WCS from Alberta. Although US has many other ways to punish Canada.