As part of the latest Unifor and General Motors four-year labor agreement, the automaker pledged to invest $554 million into the Oshawa, Ontario assembly and St. Catharine’s powertrain plant. The news was met with much delight as the Oshawa plant’s life was quite literally on the line if no future investments were made.
But, the latest investments will be done without any government financial support, according to The Globe and Mail. GM reportedly did not see the need to ask for financial assistance with the $554 million investment sum, and the projects are moving along steadily, according to GM Canada chief, Steve Carlisle.
“We’re not asking, we’re not intending to ask, we’re just proceeding with the projects,” he said. “We’re proceeding with the projects full speed ahead.”
Carlisle did not confirm what the Oshawa assembly would be responsible for following the investment’s completion, but he did confirm it will be an “existing pickup truck.” The Oshawa assembly is expected to upgrade its flexibility and finish assembling a truck for GM, much like the current program for the 2017 Chevrolet Equinox.
GM’s stance differs from other U.S. automakers on investment in Canada. FCA CEO, Sergio Marchionne, stated he will ask for “as much as I can get” when it comes to paying for $300 million worth of Canadian investments.