GM to invest C $ 1 billion in a Canadian plant to manufacture electric vans

File photo: General Motors Co (GM) CAMI assembly plant seen at Ingersoll, Ontario, Canada on October 13, 2017. REUTERS / Chris Hellgren

(Reuters) – General Motors co and labor union Unifor said on Friday that they signed a temporary deal for the automaker to invest around C $ 1 billion ($ 785.42 million) at its CAMI assembly plant in Ingersoll, Canada, Ontario. Have done.

Under the temporary deal, which is yet to be ratified by union activists, GM has agreed to begin large-scale commercial production of an electric van EV600 at its CAMI plant, Unifor said in a statement.

The Detroit automaker said in a separate statement that work at the plant would begin immediately.

The new deal builds on recent investments by GM in Canada, which in November agreed to invest $ 1 billion at its Oshawa plant to expand production of its full-size pickup trucks.

The Canadian government welcomed the deal and said that as soon as union members confirm the deal, it would confirm its support.

“We await the results of the ratification vote,” Canadian Foreign Affairs Minister François-Philippe Champagne said in a statement.

Unifor, a union representing hourly workers in Canada, said more details of the deal would be presented to local union members at an online ratification meeting to be held on January 17, with results to be released a day later.

($ 1 = 1.2732 Canadian dollars)

Reporting by Bhargava Acharya in Bengaluru with additional reporting by Steve Shire in Ottawa; Editing by Simon Cameron-Moore


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