General Motors secures C$1 billion investment across Ontario under three-year labor agreement with Unifor
Type: Investment · Technology: Industrial · Country: Canada · Value: CAD 1B · Announced: 2024-09-22
General Motors agreed with Unifor on a three-year labor deal that locks in more than C$1 billion of investments in Ontario facilities to fund next-generation GMC Sierra production in Oshawa (C$144M), transmission assembly in St. Catharines (C$215M), next‑generation V‑8 engine production (C$691M) and additional Oshawa upgrades (C$63M).
Counterparties
- General Motors Company (Investor)
- Unifor (Partner)
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