(Reuters) – Standard Motors Co and labor union Unifor stated on Friday they have reached a tentative offer for the automaker to spend virtually C$1 billion ($785.42 million) in its CAMI Assembly Plant in Ingersoll, Ontario, to manufacture professional electrical vans.
Under the tentative offer, which is nonetheless to be ratified by the union personnel, GM has agreed to start out substantial-scale professional manufacturing of EV600, an electric van, at its CAMI plant, Unifor said in a assertion.
The Detroit automaker claimed in a independent assertion that function would commence right away at the plant.
The new deal builds on latest investments by GM in Canada, which in November experienced agreed to invest C$1 billion in its Oshawa plant to develop generation of its complete-dimension pickup vans.
The Canadian government welcomed the deal and claimed it would ensure its support as shortly as the union customers ratified the deal.
“We await the benefits of the ratification vote,” Canadian International Affairs Minister François-Philippe Champagne reported in a assertion.
Unifor, the union representing hourly workers in Canada, claimed additional information of the deal would be offered to local associates of the union at an on the internet ratification meeting scheduled for Jan. 17, the success of which are scheduled to be produced a working day afterwards.
($1 = 1.2732 Canadian pounds)
(Reporting by Bhargav Acharya in Bengaluru with more reporting by Steve Scherer in Ottawa Editing by Simon Cameron-Moore)