GM Pledges $833 Million Investment in Canada Through 2016

By: Associated Press
By: Associated Press

DETROIT (AP) -- General Motors says it plans to invest $833 million in Canada for research and development.
The company says it began spending the money in 2009 and will continue to invest until 2016. Much of the money will go to a research center in Oshawa, Ontario.
GM didn't say how many jobs the investment would create or how much it has spent since 2009. Messages were left for a spokeswoman.
The announcement comes a month after GM decided to close a factory in Oshawa next year, cutting 2,000 jobs. The Canadian and Ontario governments still have a $7.7 billion stake in GM as a result of government bailouts of the auto industry.
GM says it will expand research in lightweight materials, software and communications at the Oshawa center.


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