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Ford Motor Company of Canada, Ltd. announced on Wednesday that August 2010 had remarkably been the best since 1990 with sales increasing 8% during the month. With sales increasing by 8 % in compared to what it had been last year, the Detroit automaker once again retained the top sales spot in Canada in August.

By John McCrank

The funding, part of an interim bridge loan announced in December, is to be used only for working capital while GM revamps ahead of a June 1 deadline imposed by Washington and Ottawa.

By John McCrank

"We are moving right now into the peak selling season for automotive in Canada and if we don't put some sort of incentive into the marketplace soon, then the automotive dealers are likely to sort of l

The CAW said the GM agreement, ratified Wednesday, shaves several dollars an hour off labor costs for active employees and significantly reduces the costs for retirees.

The company joined Chrysler in saying it wants more concessions from the CAW, which has agreed to open up contract agreements with the Detroit-based automakers to try to help the companies though the