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 government has always said it would continue to support the
manufacturing and auto sectors, which employ hundreds of thousands of
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:
For further information: Leigh-Ann Popek, Office of the Hon. Sandra
Pupatello, Minister of Economic Development & Trade, Office: (416) 325-0362,