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Canadian auto firms hampered by loonie, could mean more jobs going south
TORONTO – The loonie’s continued strength is driving Canadian labour costs higher and that could put pressure on vehicle and auto parts makers to send more jobs south of the border, according to an independent think-tank. “Canada will have a challenge ahead to maintain its cost-competitiveness relat

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Daimler, Rolls-Royce Offer 8.3% More for Tognum After First Offer Rejected
The suitors are prepared to pay 26 euros a share if Tognum supports the bid, the Friedrichshafen, Germany-based company said today in a statement. Tognum, which said the offer was made verbally, will evaluate the amended proposal once it is received.

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