Ontario Auto Investments Help Secure Jobs
New GM Impala Being Made By Ontario Workers
General Motors announced today that it will make the next generation Impala at its Oshawa plant. It's a move made possible by Ontario's investment in the auto sector and one that will secure 350 jobs for families in the region.
In 2009, Ontario partnered with the Canadian and American governments to help GM restructure. GM has since repaid its loans and announced approximately $1 billion in new investments. Today's new production line announcement is further good news.
GM's other investments in Ontario include:
- $480 million in the engine and transmission facility in St. Catharines, securing 800 jobs.
- $117 million to prepare the Oshawa assembly plant for the production of the new Cadillac XTS, creating and securing 400 jobs.
- $96 million to expand capacity at its CAMI assembly plant in Ingersoll.
- The addition of a new shift for GM's Oshawa operations securing over 1,300 jobs.
Strengthening the auto sector is part of the McGuinty government's plan to protect jobs for families while growing the economy and ensuring Ontario remains a manufacturing leader in North America.
- Ontario builds more cars than any other state or province in North America.
- The auto sector is a critical component of Ontario's economy, supporting approximately 400,000 jobs.
- Taxes on new business investment have been cut almost in half since 2009. This and other tax changes are making Ontario more competitive and are encouraging business growth.
“These jobs were on the line in 2009 and now there's a new line of vehicles in production in Oshawa. We invested in GM because we believed in their future and in our auto workers. Today, families in Durham have jobs at GM. This is not just a boost to the economy, but a boost of confidence for the entire region.”