News Summary: Auto labor talks begin in Canada

AP News
Posted: Aug 14, 2012 12:34 PM

IN GEAR: The Canadian Auto Workers union and the Detroit three automakers are opening negotiations on new labor contracts amid charges that Canada is the most expensive place in the world to produce a car.

REAR VIEW: Ontario, Canada's most populous province, has seen the Detroit Three carmakers cut thousands of jobs in the last decade as the parent companies restructured.

PRICEY STICKERS: GM CEO Dan Akerson said in June that Canada was the most expensive place on earth to build a car these days and noted that the exchange rate advantage of the Canadian dollar is gone.