Canada to Announce Support for GM’s Multi-Billion Dollar Investment
2022.04.04 18:11
Canada to Announce Support for GM’s (GM) Multi-Billion Dollar Investment
Canada is expected to hold a press conference Monday, attended by Prime Minister Justin Trudeau and Ontario Premier Doug Ford, to announce its support for General Motors’ (NYSE:GM) multi-billion-dollar investment in two plants, including one that will produce electric commercial vehicles, reports Reuters citing a government source.
The federal government and Ontario’s provincial government will invest in the two GM plants in Ingersoll and Oshawa, said the source, who provided no further details and was not authorized to speak on the record.
Scott Bell, GM’s Vice President Global Chevrolet, Canada’s federal Industry Minister Francois-Philippe Champagne and Ontario Premier Doug Ford will make an announcement about “an important investment in the future of Canada’s automotive manufacturing sector” at 11 a.m. EST (3 p.m. GMT) on Monday, according to a statement.
By Michael Elkins
