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General Motors Announces $850 Million Investment Into Canadian R&D Projects

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.

Former staff.

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Comments

  1. yaayyyyy go canada

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  2. If they can’t maintain the 16% they can always move some production out of Mexico. When Money was scarce Mexico didn’t help out.

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  3. This is typical smoke and mirrors by GM. There are no new jobs to replace the 1500 plus that are being eliminated. GM sure makes it easy to not want to buy their products in Canada. Toyota is becoming the largest manufacturer in Canada, having just added 400 more jobs to increase production of the Lexus. How times have changed with a “world” economy.

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