GM Rumored To Invest $100 Million In Ontario Plant
TORONTO (CP) — General Motors Co. will reportedly invest nearly $100 million to increase production at an assembly plant in Ingersoll, Ont.
Sources tell the Globe and Mail the upgrade to Cami Automotive Inc. will be announced today at the facility in southwestern Ontario.
The investment is designed to boost output of the Chevrolet Equinox and GMC Terrain crossover utility vehicles.
Both have experienced hot consumer demand and in October helped GM produce its first monthly U.S. sales gain in 21 months.
Cami has the capacity to make about 250,000 vehicles a year and GM will increase that by retooling one of two body shops. Sources say the retooling will take place over the next seven months and lead to the recall of about 150 workers now on layoff.
Another 350 workers were recalled last month when GM restored a third production shift at the plant. When this project is completed, about 2,200 workers will be fully employed and none will be on layoff.