UPDATE 1-GM to expand to 1,000 engineering jobs in Canada [View all]
Source: Yahoo Finance
(corrects to say GM will increase engineering jobs to total of 1,000, not create 1,000 jobs)
By Allison Martell
OSHAWA, Ontario, June 10 (Reuters) - General Motors Co said on Friday it will expand its Canadian engineering base to reach a total of about 1,000 jobs in Canada's auto-making province of Ontario as it boosts research spending on connected and driverless cars.
GM also said it would invest $10 million in its Kapuskasing, Ontario cold-weather facility, where it would conduct testing for new GM products and technologies.
Ontario hailed the announcement as a sign of confidence in Canadian automaking, which has been losing ground in recent years to Mexico where costs are lower.
Mexico's auto production rose 5.6 percent while exports climbed 4.4 percent in 2015 over the prior year, the Mexican Auto Industry Association (AMIA) said in January. The auto sector makes up about 30 percent of Mexico's exports
Ontario assembly plants produced nearly 15 percent of North American vehicles over the last five years and the auto industry contributes around $16 billion annually to the province's GDP.
Read more: http://finance.yahoo.com/news/gm-add-1-000-jobs-143520893.html;_ylt=AwrXgCNwTFtXjhwANbzQtDMD;_ylu=X3oDMTByc3RzMXFjBGNvbG8DZ3ExBHBvcwM0BHZ0aWQDBHNlYwNzcg--
Unifor's current contract with the Detroit Big Three automakers expires in the fall of 2016, and the union fears GM's Oshawa plant risks being closed because it has not been promised new products.
Dias warned this week "there will be a strike in 2016" if there is no new product in Oshawa.
Thank GOD and Obama the American taxpayer bailed GM out
What would Canada have done without us
= new reply since forum marked as read