TORONTO (CP) -- Premier Dalton McGuinty isn't putting a limit on how much Ontario will spend to bail out GM and Chrysler until he sees how many jobs will be impacted by the automakers' restructuring plans.
Chrysler and General Motors are set to unveil plans to Ontario and Ottawa today for restructuring their ailing companies as they try to weather the economic slump.
McGuinty says the province is eager to help the companies.
But the premier adds the level of financial aid will depend on what the automakers' proposals say about Canadian jobs.
McGuinty also says he doesn't know if Chrysler owes the provincial government any money after reports that the company owes Ottawa "substantial increases" in taxes.
He says the last thing he wants is to have Ontario taxpayers pay for the company to address outstanding federal tax debt.
GM and Chrysler are asking Washington for US$39 billion in government loans and are cutting 50,000 jobs in an effort to turn operations around.