WASHINGTON (Reuters) - Canada has been working daily with American officials to coordinate on an aid plan for struggling U.S. automakers and is committed to providing the companies with a share of aid, Prime Minister Stephen Harper said on Sunday.
“We’ve said whatever the United States government is ultimately going to do, we’re prepared to do our 20 percent share because we have 20 percent of the industry,” Harper told Reuters in an interview.
“And we’ve been working daily with the American administration to ensure we’re on the same page.”
As President Barack Obama prepares for a Monday announcement of his plans to help General Motors Corp and Chrysler LLC, Harper said the Obama administration will require stakeholders such as creditors and unions to make sacrifices.
“I‘m certainly very confident that the Obama administration is going to require the automobile manufacturers and their stakeholders to make the difficult decisions necessary so that any government support will be successful and will create a viable industry,” Harper said.
“I think the last thing the president wants is, where we do a government bailout that doesn’t work and we’ll have to do it over again in a year or a year and a half,” he said.
General Motors and Chrysler are seeking bailouts from the Canadian and Ontario governments, but it was not certain if Chrysler’s package would be ready as it is still negotiating with the Canadian Auto Workers union.
Reporting by Caren Bohan; Editing by Eric Walsh