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Ford Motor Co has no plans to close a plant in Canada, President Mark Buzzell told reporters after meeting with Trudeau on Monday. The new trade agreement struck by the United States, Mexico and Canada in September leaves significant room for Canadian plants to increase duty-free exports. USMCA, as the new NAFTA is called, is expected to be formally signed this week. But a former Canadian auto executive said it would be difficult for Canadian government officials to persuade GM to keep the plant open letter r cufflinks uk sale.
“The government has done everything they could to keep them afloat. Obviously incentives by themselves don’t keep a car plant open,” said the executive, speaking on condition of anonymity because of the sensitivity of the matter. Members of Unifor walked out of the Oshawa plant “in protest,” ahead of a meeting with GM about the announcement, a union spokeswoman said letter r cufflinks uk sale. “I’ve moved my family twice for this company and they do this to me. It’s terrible,” a tearful worker told CBC TV as he left the plant..
BRUSSELS (Reuters) – Deutsche Telekom will win unconditional EU antitrust approval to buy Tele2’s Dutch business, sources familiar with the matter said on Monday, sending telecoms shares higher on hopes of more flexible regulation on consolidation. The European telecoms index spiked higher, with Tele2 shares jumping 9 percent for their best day in more than four months. Deutsche Telekom shares recovered from negative territory to a 1 percent gain. The telecoms industry has long called on the European Commission to take a broader view of mergers aimed at boosting revenue and investment, as well as allowing it to compete better against internet rivals letter r cufflinks uk sale.
Pessimism reigned, however, after Competition Commissioner Margrethe Vestager scuppered a plan by Telia Company and Telenor to merge their businesses in Denmark in 2015. A year later she blocked CK Hutchison Holdings’ plan to merge its Three UK subsidiary with Telefonica’s O2 UK and also demanded hefty concessions for waving through other mobile telecoms deals. The Commission opened a full-scale investigation into the Deutsche Telekom bid five months ago, concerned that a deal reducing the Dutch market to three players from four would hurt competition and lead to price increases for consumers letter r cufflinks uk sale.
Deutsche Telekom has argued that the combined company would have only a 25 percent market share, way behind market leader KPN and No letter r cufflinks uk sale. 2 player VodafoneZiggo. It said the merged third player would be able to challenge the two competitors in fixed-broadband prices in the Netherlands and also roll out a 5G network more quickly. Under the deal, Tele2 will receive 190 million euros ($224 million) in cash and a 25 percent stake in the enlarged T-Mobile NL, the two companies said when the deal was announced last December..