GM Invests In Its Factories

GM just announced that it will invest a considerable sum of money in its North American assembly plants. In the next 3 years, 5.4 billion dollars will be injected all over the continent, which will create up to 650 new jobs.

The total repartition of said amount hasn’t been disclosed, but we know that $520 million will go the Lansing, Michigan plant where the Chevrolet Traverse, Buick Enclave and GMC Acadia are built. This makes sense, since this trio will be updated before 2017.

According to GM, such a large investment is testament to a healthy business, since this money will be used to modernize its production lines and increase output, which will be critical to meet the increased demand.

However, there is also bad news; a report coming from the Oshawa, Ontario plant states that they will have to cut around 1,000 jobs before the end of the year. While 5 different models are still being built at the plant, the Camaro will cease to be assembled there on November 20th as Chevrolet gears up for the next generation of the muscle car.

Share on Facebook

More on the subject

RecallsAnother GM Recall, 79th This Year
GM is currently cleaning out its various closets: for the 79th time this year, a recall has been issued, this time targeting 320,000 vehicles… According to the recall, 2006-2007 GMC Envoys, Chevrolet Trailblazers and Buick Rainiers, 2006 Chevrolet Trailblazer EXTs and GMC Envoy XLs, 2006-2008 Saab 9-7Xs and Isuzu Ascenders …
Technology/Autonomous VehiclesYour GM Will Warn You Before It Breaks Down
During their keynote at CES (the Consumer Electronics Show), General Motors made some important announcements: not only have they shown us the all-new 2016 Volt (though without giving us any information about it), they also presented a technology that will enable their vehicles to inform owners when a breakdown is …
NewsGM Isn't Government-Owned Anymore
In 2009, the Canadian government and the province of Ontario bought parts of American giant GM in order to help make sure it wouldn’t go under. This was done to save many jobs in our country, and the American government also bought a substantial number of shares in the company.
NewsGM Builds 500,000,000th Vehicle
American manufacturer GM just hit an important landmark; the Fairfax, Kansas assembly plant just produced the company's 500,000,000th vehicle, which is a new record for any automaker. To celebrate the event, GM organized a celebration at the plant. During an official ceremony, CEO Mary Barra offered a 2016 Chevrolet Malibu …
News$1 Billion For GM's Development Centre
GM just announced an important milestone in their products' development: the American giant will heavily invest in their research and development centre in Michigan. Located in Warren, this design centre has been used by the manufacturer for the last 60 years. This legendary office saw the creation of some of …
NewsHealth Canada Warns... Pontiac Grand Am Owners
A very curious warning found its way onto Health Canada's website. While it isn't a proper recall, it is something to keep in mind if you own a very particular vehicle. If you are driving a Pontiac Grand Am built between 1996 and 1997, I would like to first and …
Comments