TORONTO, Sept. 6 /CNW/ - "GM Canada's plan to re-invest in Ontario is great news for St. Catharines, Oshawa, the workers and the auto sector. This is a testament of GM's commitment to Ontario and the company's confidence in our workers.
Our government has always said it would continue to support the manufacturing and auto sectors, which employ hundreds of thousands of Ontarians.
We understand these are challenging times for our auto makers - as they face a slowing U.S. economy, a higher Canadian dollar and higher gas prices.
The Government of Ontario has reached an agreement in principle with GM, and although this does not include any new funding, it allows GM the flexibility to make this new investment and earn their way back into compliance under the Beacon Agreement."
For further information: Leigh-Ann Popek, Office of the Hon. Sandra Pupatello, Minister of Economic Development & Trade, Office: (416) 325-0362, Leigh-Ann.Popek@ontario.ca
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