In 2009, a bankrupt General Motors had made a pact with the Canadian federal and Ontario governments that it would produce at least 16 per cent of all GM vehicles assembled in North America through 2016 in Canada. Now with the Oshawa plant shutting down one of its consolidated lines, that quota risks not being met. With this in mind, General Motors of Canada has announced a commitment of research and development initiatives in Canada to the tune of $850 million through 2016.
to significantly invest in research and development (R&D) activities in Canada. Between 2009 and 2016, GM is making investments totaling $850 million in R&D in Canada, which will provide long-term sustainable benefits to GM and the Canadian automotive sector through 2016 and beyond.
GM’s investments will include advanced technology research at the Canadian Engineering Centre (Center), which would position the Oshawa-based facility higher up in GM’s global engineering and R&D network food chain. GM says the investment will also go towards fortifying partnerships with Canadian automotive suppliers, including new co-development projects and greater opportunities for start-ups to access funding through GM Ventures. Thirdly, the investment is meant to continue development in technology ventures among Canadian universities and institutes.