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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  • by Anonymous on Jul 25, 2012 at 08:43 AM
    GM is not just a Michigan or US company. They haven't been for a long time. So what's the big deal? We don't buy enough cars in the US to keep them in business so why can't they build and sell in other countries? Talk about closed minded people.
    • reply
      by Courtney on Jul 25, 2012 at 11:45 AM in reply to
      They are more than welcomed to sell in other countries, but don't ask the US to bail you out and then spend the money in another country. Their main HQ is in Detroit.
  • by Courtney on Jul 25, 2012 at 07:19 AM
    Glad to know my tax money is going to Canada. Obama might want to reconsider bashing Romney for sending jobs out of country when he did the same thing only with our money, especially since this started on 09. Cannot be blamed on Bush.
  • by Angie Location: Lansing on Jul 24, 2012 at 04:31 PM
    Wow! Thanks for nothing GM. Way to keep it in the country/state that made you what you are.
  • by Jack Location: Mason on Jul 24, 2012 at 04:15 PM
    Great to see GM helping the Canadians. Buy Japanese !!!
    • reply
      by Anonymous on Jul 25, 2012 at 08:41 AM in reply to Jack
      Why the Japanese have never helped us?
      • reply
        by Anonymous on Jul 27, 2012 at 04:34 AM in reply to
        They hold a large part of your 16 trillion dollar debt, so your boy BO can continue to spend, spend, spend!!!
    • reply
      by Dan on Jul 27, 2012 at 01:32 AM in reply to Jack
      Buy a Ford, they're the only one of the "big three" that bailed themselves out. I used to buy new GM products, but after that mess Ford earned a life-long customer.
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