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Nexen Inc. was one of two Canadian oil and gas companies that the Harper government controversially approved the sale of to foreign state-owned enterprises in 2012; though it stated that future takeovers by SOEs would face new rules, especially in the energy sector. Nexen became a wholly-owned subsidiary of CNOOC on 25 February 2013. Nissan Canada
Ford Motor Company of Canada's Oakville Assembly complex in Oakville, Ontario Stellantis Canada's Windsor Assembly complex in Windsor, Ontario. As of 2017, there are 5 foreign automakers that operate manufacturing facilities in Canada and a Canadian subsidiary. [5]
Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. [6]
Stellantis Canada (formerly, FCA Canada, Inc. and Chrysler Canada) is the wholly owned subsidiary of Stellantis through its North American division operating in Canada. . Incorporated in 1925, the Chrysler Corporation of Canada acquired a Maxwell-Chalmers plant in Windsor, Ontario that had been used to manufacture some Chrysler models in the previ
The Ford Motor Company of Canada is a wholly owned subsidiary of Ford Motor Company, [3] although it once had its own distinct group of shareholders. [4] At its formation, Ford Motor Company was not a shareholder of Ford Canada, but its twelve founding shareholders directly held 51% of Ford Canada's shares, and Henry Ford himself owned 13% of the new company. [2]
Nickel mining started in Sudbury, Ontario in 1902, [5] and that year, the International Nickel Company, Ltd. was created by Thompson and John Pierpont Morgan [4] in New York, NY as a joint venture between Canadian Copper, Orford Copper, and American Nickel Works, [6] with a capitalization of $28 million. [4]
Genuine Parts Company (GPC) is an American company engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. GPC serves numerous customers from more than 2,600 operations around the world, and has approximately 48,000 employees. [ 1 ]
Algonquin Power & Utilities Corp. is a Canadian renewable energy and regulated utility conglomerate with assets across North America. Algonquin actively invests in hydroelectric, wind and solar power facilities, and utility businesses (water, natural gas, electricity), through its three operating subsidiaries: Bermuda Electric Light Company, Liberty Power and Liberty Utilities.