Gms Realty Llc

The move follows weeks of intense negotiations with the Canadian Autoworkers Union (CAW) and government officials on how to save to the financially troubled automaker. Recent speculation had either General Motors (GM) or Chrysler filing for bankruptcy protection.

Federal, Provincial Ownership Stake Part of Bailout

In a spirit of cooperation the governments of Ontario and Canada have collectively contributed $3.8 billion to bailing out Chrysler. This breaks down to a contribution from Ontario of $1.25 billion, and a federal government contribution of: $2.5 billion. Together the governments contributed enough to buy a 2% stake in the company.