General Motors' Oshawa Assembly Plant buys about $3 billion a year in auto parts and tools from Canadian suppliers, which in turn supports about 10,000 jobs, APMA President Flavio Volpe estimated.
AutoForecast Solutions LLC said the planned closure of GM's Oshawa Assembly Plant should not be read as a sign of the imminent demise of Canadian auto manufacturing.
Scarred by a financial crisis a decade ago, GM is moving unusually fast this time to reckon with the new reality. That meant deciding to close Oshawa Assembly as part of the process.
You're forgiven if you were a bit confused about what exactly General Motors announced Monday.
Canadian Prime Minister Justin Trudeau expressed his "deep disappointment" in GM's decision to close its Oshawa plant, a move which led workers to walk off the job on Monday.
It's expected that General Motors will announce on Monday its plan to close its Oshawa Assembly Plant, according to The Globe and Mail. Unifor confirmed GM has not allotted product to the plant beyond December 2019.
In his first interview with Automotive News Canada since moving to Cadillac, Steve Carlisle said GM Canada progressed “quite a way” forward during his four-year tenure as president.
GM Canada believes if the federal government harmonizes a ZEV policy with the U.S., it would allow Canada to take advantage of "economies of scale that are 10 times larger than that of Canada alone."
GM CFO Dhivya Suryadevara says the company will start winding down production of the outgoing K2 crew cab models early next year. The automaker won't say what it means for its Oshawa, Ont., plant, where the vehicles are finished.
Volvo was the first to launch a subscription program in Canada and GM Canada recently expanded its Maven service. Even the B.C. Automotive Association has its Evo car-sharing network.
GM said the plan — which doesn't offer details about how Canada is affected — is a "proactive" measure to address future headwinds that the company expects as it invests in autonomous and electrified vehicles and as auto sales in North America and China slow.
Stronger-than-expected results in China and North America propelled General Motors to a 25 per cent increase in pretax profit in the third quarter and net income of US$2.5 billion.