Stock Markets Updates

Where NEWS comes FIRST


TORONTO - The head of Ford Canada says the company wants to negotiate a competitive new labor deal with the Canadian Auto Workers union.

CEO David Mondragon said Friday that Ford Canada needs to bring its labor costs in line with its competitors in Canada and the United States.

Pattern bargaining in the past meant Ford Motor Co., General Motors Corp. and Chrysler would agree on very similar deals with their Canadian workers.

But both Chrysler and GM were able to get significant new concessions from the CAW in recent negotiations before filing for bankruptcy protection.

Ford has not requested government bailout money and has avoided a bankruptcy filing.