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.”