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With auto sector in crisis, group says time rife for a Canadian made car

OTTAWA - The head of a Canadian automotive research group says now is the time to start producing cars in this country, especially with the industry in crisis.

OTTAWA - The head of a Canadian automotive research group says now is the time to start producing cars in this country, especially with the industry in crisis.

Scott Paterson, director of Canada's Automobile Research and Technology Association (CARTA), says there are about 20 companies capable of producing an original Canadian automobile.

Paterson says it would be ideal if Ontario-based Magna International Inc. (TSX:MG.A) and Quebec's Bombardier Inc. (TSX:BBD.B) got together in a joint bilingual effort.

That proposal and others will get a full airing during a full-day conference at the University of Ottawa on Wednesday.

Paterson, who has been floating the project for two decades, says the government should be willing to invest in the project with the enthusiasm it has committed to bailing out General Motors and Chrysler.

While Canada has a significant industry in assembling automobiles and as a producer or car parts, Paterson notes the country is the only one in the G7 without a truly domestic industry.

 
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