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Canada Poised to Expand Auto Parts Exports
Canada arms for an export push in autos and parts to the United States and beyond. Factors include lower labor costs, a favorable exchange rate, tariff concessions, and strong production growth. Studebaker’s move to Hamilton signals risk capital in Canada, with Volvo also adding Canadian assembled cars. Output rose 24.5 percent to 533,783 passenger cars in 1963 as manufacturers and government forecast continued growth.
MENTIONED IN THIS ARTICLE
United States
Canada
Studebaker Corporation
South Bend
Ind
Hamilton
Ont
Studebaker
Volvo
Sweden
Dartsmouth
N. S
Halifax Harbor
Hamilto
Ceyhound
Produss
Winnipeg
Man
Pembina
N. C
North Dakota
Backia
Michigan
Illinois