GM to devote C$1 billion in Canada plant to manufacture electric vans

(Reuters) – Basic Motors Co and labor union Unifor stated on Friday they have arrived at a tentative offer for the automaker to spend almost C$1 billion ($785.42 million) in its CAMI Assembly Plant in Ingersoll, Ontario, to manufacture commercial electric powered vans.

© Reuters/CHRIS HELGREN
The Typical Motors Co (GM) CAMI assembly plant is found in Ingersoll

Under the tentative offer, which is however to be ratified by the union staff, GM has agreed to get started massive-scale commercial production of EV600, an electric powered van, at its CAMI plant, Unifor claimed in a assertion.

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The Detroit automaker explained in a separate statement that do the job would start off promptly at the plant.

The new deal builds upon recent investments by GM in Canada, which in November experienced agreed to make investments C$1 billion in its Oshawa plant to increase manufacturing of its comprehensive-dimensions pickup vans.

The Canadian authorities welcomed the offer and explained it would confirm its aid as shortly as the union users ratified the offer.

“We await the outcomes of the ratification vote,” Canadian Overseas Affairs Minister François-Philippe Champagne claimed in a assertion.

Unifor, the union representing hourly employees in Canada, explained extra particulars of the offer would be presented to regional associates of the union at an on line ratification assembly scheduled for Jan. 17, the results of which are scheduled to be introduced a working day later.

($1 = 1.2732 Canadian bucks)

(Reporting by Bhargav Acharya in Bengaluru with further reporting by Steve Scherer in Ottawa Modifying by Simon Cameron-Moore)