Ottawa: The CEO of Ford Canada has called for hefty subsidies for car buyers, arguing it works better to help the struggling auto sector than massive cash injections for automakers. David Mondragon told a parliamentary committee that
That would get older vehicles off the road, replaced by cleaner, safer, more fuel efficient vehicles, which are both good for the automakers, the economy and the environment, Mondragon said.
"There are great opportunities for governments to help the industry and the economy find the bottom." Ford has not asked for a bailout and says it can manage on its own this year. The Canadian branches of GM and Chrysler, however, have both asked for aid from
Mondragon also painted a grim picture for 2009, predicting a 13percent fall in auto sales, compared to 2008 statistics, which is a drop of 250,000 vehicles. The branches of the U.S. Big Three automakers constitute the bulk of