GM plans to increase pickup truck production with up to $1 billion investment in Canada

  • 📰 CNBC
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

The investment in the plant in Oshawa, Canada is part of a tentative deal with Canadian union Unifor.

plans to significantly increase production of its highly profitable pickup trucks by investing up to $1 billion in its Canadian operations.told investors Thursday during the company's third-quarter earnings call. The investment is pending union member ratification in the coming days.

"We can't build enough," Barra said regarding the trucks. "We will move very quickly. We expect construction to begin on the new body shop and flexible assembly module at Oshawa immediately upon ratification." GM expects a "significant increase" in its full-size pickup truck capacity when the plant comes online in January 2022, Barra said. She declined to disclose other details before the deal's expected ratification.

The investment includes 1 billion to 1.3 billion Canadian dollars at Oshawa Assembly in Ontario with expected hiring of 1,400 to 1,700 hourly workers; CA$109 million in its St. Catharines powertrain plant; and CA$500,000 in operations in a parts distribution center.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

And Trump takes credit

Why not spend that money in America?

Civil war against evil Dems

Hopefully you will shit your pants in public

The smell of Electoral fraud has taken over the USA democrats MADE IN Globalists G Soros They is involved in world politics war revolution vandalized terrorists socialism leftism Islamists virus etc He is danger to all humanity

If Biden wins, do not buy any cars built in Blue States.

This plant provides half Canada's wages. Canadian smart enough to design their own lol lol lol - we the people who feed the bought out merchants for even Menards.

thank you very much for your work

Wait...Canada Fuk your ev truck

These days everyone needs a Bug Out vehicle.

The great Canadian dilemma.... build 'non green' vehicles and get people jobs, or shun it?

Canada. ThanksTrump

America! Wait....

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines