General Motors To Invest In Oshawa R&D
The closing of the Oshawa Consolidated Line supposedly had GM in the bailout doghouse – the company was supposed to maintain a certain level of production in Canada according to the terms of their bailout package. As far as we know, GM hasn’t replenished that yet, but they are throwing the Canadian federal and Ontario governments a bone by investing an undisclosed nine-figure sum into R&D at Oshawa.
A report in The Globe and Mail explains the funding increase
Prime Minister Stephen Harper and Ontario Premier Dalton McGunity are expected to be in attendance, though the recent string of gun deaths in Toronto will likely dominate the media scrum. That means that nobody will ask GM how it plans on meeting other bailout conditions, like
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*cough* vehicle weight reduction *cough* maybe GM can engineer their way out of one of the worst of the malaise era legacies.
The ATS looks like a very nice car and the trunk is big enough to carry some Labatt Blue. To save weight I've reduced the amount beer in the car by eliminating the Buds. An idea that many Canadians will appreciate.
Smoke and mirrors, that's all. Typical GM, all show and no go! No jobs saved, no jobs created and no security in the jobs that are left. Who do McGuinty and Harper think they are fooling?
The figure seems to be $810 mill to be spent by 2016. Whether it will account for anything of substance is an open question. Doesn't replace an assembly plant in the slightest.