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Originally Posted by TorontoDrew
This tax payer propped up company
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This always makes me laugh when I consider the boatloads of money we dump into the dying, foreign owned auto industry. 13.7 billion for GM and Chrysler on which we lost a cool 3.5 billion on the GM stock sale alone, not to mention hundreds of millions in annual handouts under the guise of 'Automotive Innovation Funds' and whatnot. And for what? A shrinking share of NA production and dwindling number of increasingly lower paying assembly jobs that will soon be replaced by robots, that's what. In foreign owned branch plants to top it all off.
Bombardier certainly has its difficulties but it's not alone. When I was living in Berlin, Siemens was being raked over the coals over their years late, over budget ICE train replacement and Deutsche Bahn was taking heat because of it. The situation was only recently resolved, 4 years later.
http://m.dw.com/en/deutsche-bahn-angry-over-siemens-failure-to-deliver/a-16398171
And Alstom has been on the brink of collapse for many years now, a situation that has only been exacerbated by their failure to win contracts in France itself. The amount of money the French government has poured into that concern is staggering.
https://www.google.ca/amp/www.forbes.com...te-save-alstom-once-again/?client=safari
Bombardier could never sell another transit system in Canada and it would barely affect them. Almost two thirds of their business is in Europe - Canada represents less than 5%. Berlin alone has as much rail transit as all Canadian cities combined and they run 100% Bombardier S, U and trams as well as most DB regional and inter city trains. Berlin Air flies Q-400s and Lufthansa regional is one of the first C series customers. There's even a massive sign when you arrive at Hauptbahnhof, their airport like central train station: BOMBARDIER Wilkommen in Berlin.
Bombardier and BRP products represent almost the only tangible evidence that Canada even exists in the rest of the world. I doubt there's a country on the globe where you won't find a Bombardier aircraft or transit vehicle, BRP Skidoo, Seadoo or ATV. But in typical Canadian fashion, we prefer to work at trained monkey jobs in foreign owned branch plants - and pay them for the privilege.
What a bunch of losers.