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Company News

GM to invest 1 bln Canadian dollars in Canada plants to expand pickup output

DETROIT, Nov 5 (Reuters) - General Motors Co will invest 1 billion Canadian dollars in its Canadian operations to expand production of highly profitable full-size pickup trucks to meet growing demand, Chief Executive Mary Barra said on Thursday.

The Detroit automaker’s plan, announced after it reached a tentative new labor agreement with Unifor, the union representing hourly workers in Canada, to bring back production of its Chevrolet Silverado and GMC Sierra trucks to its Oshawa plant, she told anlaysts. The plant was doing final assembly work on pickups that had been partially assembly at GM’s Fort Wayne, Indiana, plant. (Reporting by Ben Klayman)

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