News Sections
GM Canada to inject $90M in Ontario plant
CTV News Video
|
Watch: See all Videos in the Player
Font-size:
Share
Print
Comments(15)
CTV.ca News Staff
Date: Mon. Nov. 9 2009 10:14 PM ET
In a rare bit of good news for the struggling Canadian auto sector, General Motors Canada announced Monday it is investing $90 million into its joint-venture facility in southwestern Ontario and recalling about 150 laid-off workers.
GM will run the plant at full capacity to meet strong demand for the 2010 Chevrolet Equinox and GMC Terrain, the company said.
"This investment is an excellent example of what happens when you get the product right. If the product is right, everything else follows -- increased production, increased employment and strong market demand," GM Canada president Arturo Elias said.
The CAMI facility in Ingersoll Ont., is expected to produce an additional 40,000 vehicles annually for the North American market.
GM agreed to keep 16 per cent of its North American manufacturing in Canada for bailout money from the federal and Ontario governments. Chrysler agreed to build 20 per cent of its fleet in Canada in exchange for a bailout.
The two governments invested about $10.5 billion in GM earlier this year, as the automaker grappled with a severe economic downtown.
"As a major partner in the restructuring of the automotive industry over the past year, I am very encouraged by this investment," federal Industry Minister Tony Clement stated. "This is great news for CAMI, great news for Ingersoll and for Canada."
Canadian Auto Workers president Ken Lewenza said with the bailout agreements he expects more good news announcements in the auto sector.
Almost 500 jobs have been recalled this month at the CAMI plant, including those on Monday, and workers are glad to be back at their jobs.
"It's so great to be back. You have no idea, I was so excited when I got the call," Ally Beer told CTV News.
Auto industry analyst Dennis DesRosiers says workers like Beer can expect similar announcements moving forward.
"It appears as if the worst is behind us and we're starting to move into more positive era in automotive," he told CTV News.
With a report from CTV News' Scott Laurie
User Tools
Related Stories
User Tools
About the tools
Need to get in touch with CTV? You can email the CTV web team using the 'Feedback' button.
-


Font-size
Print Article
Comments(15)-
Feedback
Share it with your network of friends
Share this CTV article or feature with your friends. Click on the icon for your favourite social networking or messaging system, and follow the prompts.
Most Viewed News Stories
Most Talked about Stories
I applaud the budget, even though Health Care and education may stay unscathed. Sadly this cannot last and I worry to later this year where cuts will become enviable. If anything, this provides the Wildrose Alliance plenty of ammo when an election is called.








Comments are now closed for this story
Jon in London ON
0
said
0
Brian in Mississauga
0
said
0
mike campbell
0
said
0
Sue
0
said
0
Jon in London ON
0
said
0
DKT
0
said
0
Equinoxc8
0
said
0
Al in Ottawa
0
said
0
Keith in Brampton
0
said
0
Adam in Ottawa
0
said
0
Kris D.
0
said
0
alan
0
said
0
PVT
0
said
0
Open your mind
0
said
0
Happy to be back!
0
said
0