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GM union deal would invest $791.3M in Canadian auto factories amid US tariff pressure
New York Post • • business
Key Points:
- General Motors plans to invest C$1.1 billion in Ontario's auto sector, including assembling a next-generation heavy-duty GMC Sierra truck at the Oshawa plant, as part of a tentative agreement with the union Unifor.
- The deal includes a C$691 million commitment for producing new V8 engines in Ontario and a C$215 million investment for new transmission assembly in St. Catharines starting in late 2029.
- GM has pledged not to immediately sell or close its CAMI assembly plant in Ingersoll and to prioritize defense-related production there if contracts are secured.
- The investment aims to support Canada's auto industry amid escalating U.S. tariffs on Canadian vehicles, with President Trump threatening to raise tariffs to 50% starting January 1.
- The agreement is subject to union member approval and occurs amid stalled U.S.-Canada trade negotiations focused on auto tariffs and the survival of Canada's auto assembly and parts industry.
