The union representing workers at General Motors' Canadian subsidiary has approved a labor agreement investing C$144 million to increase production capacity for the GMC Sierra heavy-duty pickup truck at the Oshawa plant in Ontario. The agreement, announced by Canada's auto workers union Unifor, also includes a commitment not to immediately sell or close the Ingersoll assembly plant. With U.S. President Trump imposing a 25% import tariff on Canadian-made vehicles and pledging to raise it to 50% by 2027, GM has committed to invest over C$1 billion in its Canadian plants. This includes C$691 million for the production of a new V8 engine in Ontario, and GM Canada has offered workers a 3% annual wage increase over three years. GM Canada President Jack Uppal praised the significant improvements in wages, benefits, and job security, stating they will help maintain high-paying jobs. Last week's U.S.-Canada trade talks broke down over tariff reductions, and Barclays research shows that Canada accounts for about 17% of production of GM's best-selling model, the Chevrolet Silverado.
General Motors CompanyUnifor-approved deal invests C$144M to boost GMC Sierra heavy-duty pickup capacity at Oshawa, plus over C$1B in Canadian plant investment including a new V8 engine.
Barclays PLC
