GM plans C$1.1 billion Canada investment as U.S. tariff pressure mounts - Reuters

GM's Canadian workers approved a deal to build a new heavy-duty truck in Ontario, part of a C$1.1 billion investment. This follows U.S. tariffs on Canadian vehicles, with potential increases to 50% by 2027. The agreement aims to secure jobs amid trade tensions.

General Motors and Unifor reached a tentative agreement for $1.1 billion in Ontario investments, including production of the next-gen GMC Sierra and new V8 engines. The deal comes amid escalating Canada-U.S. trade tensions, with U.S. tariffs threatening integrated supply chains. Workers are voting on the agreement this weekend.

General Motors plans to invest $1.1 billion in Canada's auto sector, including $144 million for heavy-duty GMC Sierra production in Oshawa. The deal, pending worker approval, also secures Ingersoll plant operations and adds V8 engine and transmission production. This follows U.S. tariff threats impacting Canada's auto industry.

General Motors and Unifor reached a new collective agreement, investing $144M in Oshawa for next-gen GMC Sierra trucks and $215M in St. Catharines for transmissions. GM pledged not to sell the idled CAMI plant. The deal covers 4,600 workers, with 3% annual wage hikes and bonuses. Ratification began Aug. 22.

General Motors (GM) has reached a tentative deal with the union Unifor to invest C$1.1 billion in Canadian auto factories. The deal includes C$144 million for heavy-duty GMC Sierra truck production in Oshawa and C$691 million for V8 engine production. The investment aims to address U.S. tariffs on Canadian vehicles, with worker approval pending. GM also committed to not immediately sell or close its Ingersoll plant.

General Motors and the Unifor union agreed to invest C$1.1 billion in Canadian auto factories, aiming to secure production of new electric vehicles. The deal, lasting until 2028, follows pressure from U.S. tariffs and seeks to boost GM's EV production in Canada.