New Canada aid for auto sector not just for Chrysler: minister

Wed Feb 12, 2014 10:37am EST
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OTTAWA (Reuters) - The additional C$500 million in subsidies for the Canadian auto sector announced by the Canadian government is not aimed solely at Chrysler Group, which recently requested funding, Finance Minister Jim Flaherty said on Wednesday.

Flaherty included the extra help for the sector in his budget on Tuesday.

"The money that's been set aside in the Auto Innovation Fund is not just for Chrysler, it's for some of the other automotive companies in Canada," Flaherty told reporters.

"I'm not saying that there should be some automatic subsidy of automobile plants. I am saying that we need to give it a long, hard look and make sure that we are careful in what we do before we let one of the large auto manufacturers leave Ontario."

(Reporting by Randall Palmer; Writing by Louise Egan; Editing by James Dalgleish)

Canada's Minister of Finance Jim Flaherty speaks following the delivery of the budget on Parliament Hill in Ottawa February 11, 2014. REUTERS/Blair Gable