Canadian Government
Magna And Government Of Ontario Team Up On New EV Project
Our neighbors in the North want to see green in their future. No, not just money, but also green energy. Hence the Government of Ontario (Canada) has teamed up with one of the worlds largest automotive parts manufacturer Magna International Inc. to develop electric vehicle technologies. The project is said to cost $441-million and will…
Fiat Offers $125M To Canadian Government For Its Share Of Chrysler
Fiat, has offered Canadian government $125 million for its 1.7 percent stake in Chrysler. Last week, Fiat made a $500 million offer to the U.S Treasury to buy out the remaining 6 percent stake held in Chrysler, according to Reuters. With the involvement of the U.S Treasury, Fiat hopes to increase its ownership of Chrysler…
