GM to invest in plant
OSHAWA, Ont.—General Motors says it will invest $250 million to install new equipment and retool at its CAMI assembly plant in Ingersoll, Ont.
GM Canada said the improvements will enable the plant to build a wider variety of vehicles at a lower cost.
North American automakers have been gaining momentum recently as the industry recovers from the severe downturn that started in late 2008.
Industry observers have predicted 2013 North American sales will surpass last year’s as the U.S. economy revives from the recession.
“We have had a strong start to 2013 with customer demand for our newest vehicles driving improved sales,” GM Canada president Kevin Williams said in the company’s announcement.
“This is strong confirmation that our investing in manufacturing flexibility, finding ways to bring new products to market faster, is the right strategy,” he added.
The Canadian Auto Workers union, which represents about 2,900 employees at the Ingersoll plant, asked its members last month to approve an early opening of contract talks as GM weighed the future of two vehicles made at the factory.
The CAMI plant has been producing the popular Chevrolet Equinox and GMC Terrain crossover vehicles.
However, the vehicles are expected to be refreshed for 2015.