Jacqueline Thorpe | May 8, 2019 | bloomberg.com
General Motors Co. plans to invest C$170 million ($126 million) to continue manufacturing parts at a Canadian plant that was slated to close in December.
The facility in Oshawa, Ontario will focus on stamping, and sub-assembly for GM and other auto companies. The Detroit-based carmaker also plans to convert part of the plant to a test track for autonomous and advanced technology vehicles. About 300 of almost 3,000 jobs will be maintained, with potential for more in the coming years.
The shift to autonomous vehicle technology “embeds” the Oshawa facility into the overhaul of an industry that’s shifting to electric cars and gearing up for self-driving vehicles. GM also employs people in Toronto and in nearby Markham, Ontario to develop the next generation of cars.
“We are integrating into the future of our business,” GM Canada President Travis Hester told reporters in Toronto Wednesday, adding the company sees “significant” opportunity for growth.