GM to invest CUS$1 billion in Canada plant to manufacture electric vans

General Motors Co and labor union Unifor said on Friday they have reached a tentative deal for the automaker to invest nearly CUS$1 billion in its CAMI Assembly Plant in Ingersoll, Ontario, to manufacture commercial electric vans.

Under the tentative deal, which is yet to be ratified by the union workers, GM has agreed to begin large-scale commercial production of EV600, an electric van, at its CAMI plant, Unifor said in a statement.The Detroit automaker said in a separate statement that work would begin immediately at the plant.

Canadian Dollars is CAD. Not CUS$

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GM to invest US$785 million in Canada plant to manufacture electric vansGeneral Motors Co and labor union Unifor said on Friday they have reached a tentative deal for the automaker to invest nearly C$1 billion ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Cruise, GM partner with Microsoft to commercialise self-driving vehiclesSelf-driving car maker Cruise and majority shareholder General Motors Co said on Tuesday they would partner with Microsoft Corp to commercialize ... Cruise， to commercialise vehicles
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

GM warns Indian state's move to block its exit could hit investmentAn Indian state's move to block General Motors (GM) from shutting a plant and exiting the country defies the state's business friendly image and ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Navistar to collaborate with GM, others on hydrogen fuel-cell commercial trucksDETROIT: Truck maker Navistar International Corp said on Wednesday it will collaborate with U.S. automaker General Motors Co and others to ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Exclusive-GM hit by chip shortage, to cut production at four plantsGeneral Motors Co became the latest automaker hit by the global shortage of semiconductor chips as the U.S. automaker said on Wednesday it will ... Does it mean prices will go up...stock price will go down because of the extra expense? Thoughts...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »