General Motors
Features
News stories
- GM workers in 4 Ontario cities ratify new deal
- (May 25, 2009)
- GM Canada plans to cut 40% of its dealer network
- (May 20, 2009)
- GM tells 1,100 U.S. dealers they are being dropped
- (May 15, 2009)
- Last truck rolls off line at Oshawa GM plant
- (May 14, 2009)
- GM to drop Pontiac in 2010, cut thousands more jobs
- (April 27, 2009)
GM says it will add 700 employees to its Oshawa assembly plant. (Canadian Press) GM Canada has added 700 employees to support a second shift on its flex line at the Oshawa, Ont., assembly plant.
The automaker says the additional workers are needed in preparation for the 2011 launch of the Chevrolet Camaro convertible and the all-new Buick Regal.
These models will be built alongside the Chevrolet Camaro coupe.
GM says the Camaro convertible is slated to begin production in January while the Buick Regal will ramp up production in early spring.
The new shift on the flex line comes just weeks after the addition of a third shift on a different line to support increased production for the Chevrolet Equinox.
GM says the two new shifts have secured more than 1,300 jobs for Oshawa, recalling all production workers along with the hiring of more than 300 new employees.
'Positive sign'
In a statement issued early Tuesday, Industry Minister Tony Clement hailed GM's announcement as a "positive sign for Canada's auto industry."
"A healthy automotive industry is a critical part of the Canadian economy. It provides opportunities to our skilled workforce and significant economic benefits to Canada," said Clement.
General Motors had collapsed into bankruptcy only to be saved by Canadian and U.S. taxpayers, returned to life as a public company earlier this month.
During a restructuring, the company received billions of dollars from the U.S., Canadian and Ontario governments.
The automaker recently issued North America's largest initial public stock offering worth $23 billion US.
Clement said the hirings at the Oshawa plant are further evidence that assisting the automaker was "the right decision to make. "
Share Tools
Top News Headlines
- 2nd suspect in Tim Bosma murder case to plead not guilty
- The lawyer for Mark Smich says the Oakville, Ont., resident will plead not guilty to first-degree murder in the death of Tim Bosma, the Hamilton man who disappeared earlier this month after taking two men on a test drive of his truck. Smich was charged today, after Dellen Millard of Toronto was also charged with first-degree murder. more »
- 2 more arrests linked to hacking death of British soldier
- WARNING: This story contains graphic content. Two more people have been arrested by officers investigating the hacking death of a U.K. soldier in London, say British police. more »
- Neil Macdonald: Harper no Obama when it comes to dealing with scandals
- Beset by three so-called scandals at the moment, Barack Obama has been meeting his accusers and the press head on, Neil Macdonald writes. The same cannot be said for how Stephen Harper operates. more »
- Toronto Mayor Rob Ford fires chief of staff
- Toronto Mayor Rob Ford has parted ways with his chief of staff, the latest development in a tumultuous week at city hall where the pressure is growing for the mayor to comment on crack cocaine allegations raised by two media outlets. more »
Must Watch
Latest Business Headlines
- Mobilicity debtholders approve sale to Telus
- The creditors owed money by the financially struggling wireless company Mobilicity approved a deal Thursday that would see the mobile upstart sold to Telus for $380 million, but the sale must still be approved by regulators and the court overseeing Mobilcity's restructuring. more »
- Kindle Fire HD to be available in Canada in June
- Canadians will finally be able to purchase Amazon's Kindle Fire HD tablet starting June 13, two years after the first generation of the device became available in the U.S., the company announced Thursday. more »
- Vermont enacts 1st U.S. law against patent trolling
- Vermont Gov. Peter Shumlin signed into law Wednesday a novel measure aimed at protecting companies from so-called patent trolling, the practice of making deceptive claims of patent infringement in the hopes of collecting licensing or settlement money. more »
- TSX, Dow recover after Nikkei loses 7%
- Financial markets around the world were roiled Thursday after Japanese stocks suffered their biggest slide since the country was hit by a devastating tsunami more than two years ago. more »
- EI claims trend lower for 5th straight month
- The number of people receiving regular Employment Insurance claims declined for the fifth consecutive month in March, dropping one per cent to 523,700. more »
Lang & O'Leary Exchange
Markets
| Index | Last Trade | Change |
|---|---|---|
| TSX COMPOSITE | 12677.86 | -74.64 |
| DOW | 15292.81 | -14.36 |
| NASDAQ | 3456.90 | -6.40 |
| SP 500 | 1648.97 | -6.38 |
| TSX-VENTURE | 935.78 | -6.30 |
The data on this site is informational only and may be delayed; it is not intended as trading or investment advice and you should not rely on it as such.
- 2nd suspect in Tim Bosma murder case to plead not guilty
- 2 more arrests linked to hacking death of British soldier
- Toronto Mayor Rob Ford fires chief of staff
- How was the Mike Duffy report 'whitewashed?'
- Chained-teen's mom wants man who pleaded guilty 'to suffer'
- Vancouver man abandons Porsche on B.C. ferry
- Neil Macdonald: Harper no Obama when it comes to dealing with scandals
- B.C. teen saves pet dog in 'terrifying' cougar attack
- Mike Duffy's primary home not P.E.I., unedited Senate report says

