April 24, 2009 / 10:16 PM / 8 years ago

Canada's Flaherty says Chrysler, CAW talks advancing

WASHINGTON (Reuters) - Canadian Finance Minister Jim Flaherty said on Friday that it appears that cost-cutting talks between Chrysler and the Canadian union -- a condition for receiving government aid -- were making progress.

“I’ve heard of some updated information. It sounds like progress is being made and I hope they’re successful in their discussions together so that Chrysler can avoid liquidation,” Flaherty told reporters following a meeting of G7 finance ministers and central bankers in Washington.

Minutes before Flaherty spoke, the Canadian Auto Workers Union postponed a press conference scheduled for 6 p.m. (1000 GMT), in which it was expected to announce an agreement.

Reporting by Louise Egan; Editing by Andrea Ricci

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below