GM Canada Announces New Transmission

advertisement
General Motors
of Canada Limited
GM Communications
Oshawa, Ontario
media.gmcanada.com
GM Canada Announces New Transmission
Production for St. Catharines Powertrain Facility



New $245 million investment at St. Catharines Powertrain facility secures up to 400 jobs
Plant to produce fuel-efficient six-speed transmissions in early 2012
Project pulled ahead 4 months to meet strong customer demand
St. Catharines, Ontario (June 1, 2010) – With employees, union officials and local, provincial and
federal dignitaries on hand, General Motors of Canada president and managing director, Kevin
Williams, today announced a new $245 million investment for GM Canada’s St. Catharines powertrain
facility, which will be expanded to produce fuel-efficient six-speed transmissions beginning in early
2012. The investment builds on the good news for the St. Catharines facility, which also recently
announced a $235 million investment to support next generation engine production beginning in 2013.
Together, these production investments will secure some 800 jobs at the plant.
“The assistance we provided last year to GM Canada has enabled its transformation into a company
that is poised for growth,” said the Honourable Tony Clement, Minister of Industry. “We
are encouraged by this further evidence that GM Canada is on the road to recovery, and its
commitment to doing business in Canada."
“Last year, we stood behind GM Canada with unprecedented support to help the company restructure
and today’s announcement continues the positive results following that decision,” said Ontario’s
Minister of Municipal Affairs and Housing, and MPP for St.Catharines, the Honourable Jim Bradley.
“Some 800 families in the St. Catharines area now have a brighter future thanks to GM’s investment
plans and, combined with the spin-off jobs created, this will be a tremendous boost for our economy.”
“Thanks to the support we received, we’ve transformed our business and have a strong foundation for
success going forward,” said Kevin Williams, president and managing director of GM Canada.
“Strong customer demand for our new vehicles is driving improved financial results and the rapid
capacity expansion under way. Retail sales of our Chevrolet, Buick, GMC and Cadillac vehicles are
outpacing industry growth, up over 22 percent so far this year - strong confirmation that our products
and dealers are connecting with customers in a very positive way.”
The six-speed transmission to be built in St. Catharines will offer customers a wide range of benefits
including improved fuel efficiency and vehicle performance. The plant will supply transmissions to
both the CAMI Assembly plant in Ingersoll and the Oshawa Assembly Plant for the Chevrolet Equinox,
GMC Terrain and Buick Regal. The new transmission is based on the proven design of GM’s current
Hydra-matic 6T40/45 transmission, which has established a strong reputation for its refinement,
durability and fuel efficiency, for over a million customers around the world.
General Motors of Canada (GMCL) is headquartered in Oshawa, Ontario and employs 9,000 people
nationwide. GM of Canada manufactures vehicles and powertrains, and markets the full range of
Chevrolet, Buick, GMC and Cadillac vehicles and related services through the largest automotive dealer
network in the country.
-30For further information, contact:
Tony LaRocca
General Motors of Canada
905-644-6786
Download