General Motors says it’s spending $560 million so its CAMI assembly plant in Ingersoll will be ready to build the next generation Chevy Equinox.
The automaker says $190 million will be spent on equipment and tools at the southern Ontario plant while $370 million will go to vendor tooling with Canadian suppliers.
Economic Development Minister Brad Duguid says today’s announcement shows GM’s confidence in Ontario as a world leader in auto manufacturing. “We are pleased to see General Motors securing its future in Southern Ontario,” federal industry minister James Moore added. “This investment proves that … Canada [is] one of the best places in the world to build cars.” Click here to read more.