OSHAWA—The Honourable Jim Flaherty, Minister of Finance, today congratulated General Motors (GM) on its decision to build the next-generation Chevy Impala and the new Cadillac XTS in Oshawa, Ontario.
In August, GM announced plans to invest $117 million to prepare the Oshawa Assembly Plant to build the new Cadillac XTS next year, securing approximately 400 jobs.
Today, GM is announcing the Oshawa plant will produce the next-generation Impala. The $68-million investment will help secure an additional 350 jobs.
“I am very pleased to help celebrate this good news for General Motors, the Canadian auto sector and the people of this community,” said Minister Flaherty. “This marks an important step forward in GM’s recovery and underscores the continued strengthening of the North American auto sector.”
Canada’s auto sector is the largest industry within the Canadian manufacturing sector and a key driver of the economy. It employs hundreds of thousands of Canadians, directly and indirectly, including thousands of engineers and tens of thousands of highly skilled technicians.
In 2009, the Government of Canada and the Government of Ontario provided significant financial support to the auto sector to protect jobs and help secure its long-term health and presence in Canada.
Through Canada’s Economic Action Plan, the federal government also took important measures to address the short-term financing challenges of automotive assemblers, parts manufacturers and consumers. It is estimated that approximately 52,000 Canadian jobs were protected by government action to support the auto sector.
For further information, media may contact:
Mary Ann Dewey-Plante
Press Secretary
Office of the Minister of Finance
613-996-7861
Jack Aubry
Media Relations
Department of Finance
613-996-8080
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