General Motors To Keep Oshawa Consolidated Line Open Past 2014
October 17th, 2013 10:38 AM Share
A brief memo from General Motors Canada confirmed that the Oshawa consolidated line, scheduled to close in 2014, will stay open until 2016. GM is citing strong market demand for the Chevrolet Equinox and the outgoing, Chevrolet Impala (sold as a fleet-only model) as a reason for the decision, but cautioned that ” All scheduling adjustments are subject to market demand”.
Under the terms of the bailout, GM must keep 16 percent of its production in Canada until it has repaid its loan obligations to the Canadian government, or until December 31, 2016. After that date, the future of Oshawa is uncertain.
#Canada #Chevrolet #ChevroletEquinox #ChevroletImpala #Factory #GeneralMotors #GM #Oshawa #Production
Published October 17th, 2013 10:33 AM
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12 of 27 comments
Judging by the way GM Canada, CAW and even the UAW have influenced and managed themselves the factory will have to close in the medium term. Massive retirement funds are needed to be paid out to the Canadian workers very soon. Like I stated the cost of labour in Canada is higher than the US. The original $4 billion dollars has dwindled down to nearly nothing and is expected to run out in 2014. This money was part of the Ontario governments handout, of course at the tax payers expense. To cover the projected $800 million dollar pension bill debt in 2014 the manufacturer will have to raid its own money. I just hope GM foots the bill and doesn't expect hard working Canadians to pay extra tax to support them. This only lowers the standard of living for many. Maybe other unions should help their 'friends' and pay their pension not society and their taxes.
@BAFO....With all due respect. I was born and raised in Canada. I also spent 36 plus years at GM Canada. I was a member of the UAW and CAW. I watch and read the news daily. I take great pride in the fact that I stay informed. You sir, havnt got fuckin clue what your talking about.
@Mikey or DiM Here's the link, all you give is bull$hit, lie and spin. Typical auto worker tactic, deflect, distort and create ambiguity. Respect? If you guys had respect you wouldn't have made the past decisions you had. Or did you become sincere and learn integrity yesterday? http://www.theglobeandmail.com/report-on-business/economy/angst-in-oshawa-the-foggy-road-ahead-for-gm-canada/article12755206/?page=all
I wonder if the W body Impala will get a rear camera and nav?