Tiger Brokers

GM invests in Ontario plant for next-gen trucks

Reuters
Feb 18
GM invests in Ontario plant for next-gen trucks

By Kalea Hall

DETROIT, Feb 18 (Reuters) - General Motors GM.N will invest $63 million Canadian dollars in an Ontario plant to support production of its next-generation gas trucks, the automaker said Wednesday.

The investment comes despite tariffs on Canadian products shipping to the United States, and what changes will come this year to the United States-Mexico-Canada Agreement.

GM ended a third shift of truck production at the Oshawa plant in January. The automaker hasn't said if it will bring back a third shift with the next-generation trucks.

GM will launch the next-generation trucks this year. The automaker also builds trucks at plants in the United States and Mexico.

(Reporting by Kalea Hall; Editing by Chizu Nomiyama )

((kalea.hall@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10