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Cornerstone Blog GM plans to increase pickup truck production with up to $1 billion investment in Canada

GM plans to increase pickup truck production with up to $1 billion investment in Canada

May 12, 2021 by Cornerstone International Group

General Motors plans to significantly increase the production of its highly profitable pickup trucks by investing up to $1 billion in its Canadian operations.

The investment is part of a tentative deal with Canadian union Unifor,

GM CEO Mary Barra told investors Thursday during the company’s third-quarter earnings call.

The investment is pending union member ratification in the coming days.

“We can’t build enough,” Barra said regarding the trucks.

“We will move very quickly.

We expect construction to begin on the new body shop and flexible assembly module at Oshawa immediately upon ratification.”

Read the full article here…

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Filed Under: Cornerstone Blog Tagged With: #canadabusiness

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