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Old 01-25-2009, 08:05 PM   #16
garfin
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Drives: 2010 CTS-V 6MN '98 Camaro SS (Sold)
Join Date: Dec 2007
Location: Roches Point, Ontario, Canada
Posts: 607
Just to put a couple of things in perspective about the Canadian loan that I don't believe has been mentioned in this thread...
1) the loan is on the table, and the Canadian & Ontario governments that are offering it are asking GM Canada to be accountable by providing similar information about future plans and cost-cutting measures as GM in the U.S. has done.
GM Canada does not appear to be as forthcoming with this info as GM in the U.S. has been...
2) apparently there are talks going on with the CAW about what they might be prepared to "contribute" and how the government views the outcome of these talks is perhaps another reason why GM Canada has not availed itself of the money just yet.
Put whatever spin you want on it, but at least it's good to see that GM Canada doesn't seem to panicking to get their mitts on the $.
FWIW, I see very little in the way of meaningful incentives coming from GM Canada at this point.
Chrysler has been offering "Employee Pricing" for everybody and Ford is plastering the newspapers with ads touting "0% financing for 72 months"
GM Canada is offering $1500-$3000 "cash delivery allowance" (you provide your own financing) and that's it!
... and believe me, I'm watchin'!
Gimme an opportunity to grab 0% for 72 months and I'll be pickin' a colour for my CTS-V!

Best regardSS,

Elie
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