Ontario risks reducing its competitive position in the auto industry even further with policies such as a provincial pension plan and a cap-and-trade system for pollutants, Sergio Marchionne, chief executive officer of Fiat Chrysler Automobiles says.
“These are all things that add cost to the running of an operation,” Mr. Marchionne told reporters Friday after speaking at a conference in Toronto.
“They don’t come for free. They cost money. You start adding up the bill.”
He made his comments after sitting beside Ontario Premier Kathleen Wynne during the conference luncheon.
“This is not what I would call the cheapest jurisdiction in which to produce,” he added during a question-and-answer session after the luncheon.
I am no fan of the auto industry, Chrysler was happy to take a bail-out from tax-payers, only Ford among the domestics stayed off the government tit.
Still that does not make his comments “wrong”, Wynne’s policies are turning Ontario into a rust belt.
One gets the impression it’s almost deliberate.