Former Chrysler Group CEO Tom LaSodra says Canada should be “worried” about a renegotiation of the North American Free Trade Agreement.
LaSorda made the declaration Monday on Business News Network. He said the United States is lining up “billionaires who have run companies ... who know how to get things done” when it comes negotiations.
“I would be worried if I was in Canada,” said LaSorda, a Windsor, Ont., native who now runs IncWell LLC, a small venture capital company.
He said there are "obvious signs" from some of the Detroit Three that suggest “they’re not going to build product in Canada forever.”
“This issue with trade is you have to have people who are experts that think like business leaders and not government officials," he said. “You can’t have academics trying to set policy on fair trade or free trade."
LaSorda said Canada has to be better prepared and “have professionals sitting on [its] side," ones that aren't "going to get tricked into a deal.”
LaSorda also talked about Ford’s recent $500 million investment in software r&d centre in Ottawa and more.
You can watch the interview in the video below.