Marchionne said on Thursday that its proposal would also involve its plant in Brampton, Ont., which builds the Dodge Charger, Challenger and Chrysler 300.
Marchionne would not confirm reports that Chrysler was looking for $700 million from the governments as part of an overall investment of $3.6 billion, but he said that if the proposal goes through, it will represent the "single largest investment made by any auto maker in this country in a number of years."
Ford said Thursday it would build its new Edge Concept at the Oakville Assembly plant near Toronto, as part of its previously announced plan to invest $700 million investment in that plant in September.
Marchionne said he realizes funding of the auto sector can be a sensitive issue, but said this investment is also one that would be repaid.
Canada has to decide whether it wants to maintain a role in the auto sector or not, he added, noting that over the past five years less than five per cent of the $42 billion invested in North Nike Air Max Womens 95
TORONTO Chrysler isn't yet close to a deal that will secure "significant" investment in its Ontario plants, but its chief executive said Thursday he was optimistic a a funding arrangement could be worked out with Ottawa and Ontario.
"Before that budget was announced we had already worked with government and secured financing in all of the facilities," said Williams.
Ford Canada chief executive Dianne Craig said in an interview the company wasn't pressing the governments for any additional investment.
"They were part of the investment in Oakville, both the provincial and the Ontario government, which is really critical," she said.
"We're approaching this with the best of intentions, I think we can bring it to a successful conclusion," Sergio Marchionne said after kicking off the Canadian International Auto Show in Toronto.
America by auto makers was won by Canada.
The CEOs of the Big Three were in Toronto along with the heads of dozens of other car companies for the start of the auto show, which gives cars enthusiasts a chance to glimpse at the latest model offerings as well as daydream about exotic and unusual creations rarely seen cruising the streets.
Town Country minivans as well as several other vehicles.
Marchionne would Nike Air Max 95 Womens Cheap face much competition for the cash from the other Big Three car makers within Canada, with both Ford and General Motors saying they weren't expecting to make any new asks of the government at this time.
The federal government said in this week's budget that it had set aside an additional $500 million for the Automotive Innovation Fund, but did not release details. The fund was launched in 2008 with a commitment of $250 million over five years and renewed last year for another five years. and Mexico have approached the auto maker since its expansion plans became public. He cautioned that when it comes to the globally competitive industry, Canada cannot be a "guppie in shark infested waters."
Chrysler CEO says no deal yet with Ottawa and Ontario for Chrysler expansion
"I am Canadian. I'll be cheering for Canada. I'll do a variety for things for this place that will twist me into a pretzel, but you can't put me over a barrel," he said. Marchionne was born in Italy but grew up in Toronto, where his mother still lives.
"I applaud the Automotive Innovation Fund being increased in size and scope, (but) we have already laid our footprint and, right now, we're not making any additional announcement."
Chrysler said last month it was considering a billion dollar upgrade at its Ontario plant to build a new minivan, but it was in talks with the government about an incentive package that would help offset higher costs in Canada. The Chrysler assembly plant in Windsor, Ont., produces the Dodge Grand Caravan and Chrysler Air Max Yeezy Black
Ottawa and Ontario spent billions in bailouts for Chrysler and General Motors after the recession hit in 2009. and Mexico, favourable trade agreements between Mexico and other countries and higher labour costs continue to hurt Canada's chances to win production.
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"We have all the makings of a potential successful transaction. You need to let the parties work diligently at carving out what is best suited for the Canadian government, the province of Ontario and Fiat Chrysler."
"This is not a game for the faint hearted," he said. "It takes resolve and it takes cash."
"The question is not giving away money. The question is creating the conditions for the manufacturing sector to continue to be a viable ingredient of the Canadian economy," he said.
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