Close Menu
The Financial News 247The Financial News 247
  • Home
  • News
  • Business
  • Finance
  • Companies
  • Investing
  • Markets
  • Lifestyle
  • Tech
  • More
    • Opinion
    • Climate
    • Web Stories
    • Spotlight
    • Press Release
What's On

Mark Ruffalo urges California AG Rob Bonta to reject Paramount-Warner merger settlement

September 19, 2026

AI fears mirror Y2K hysteria, but don’t dismiss concerns

September 19, 2026

Gemini AI guessed passwords, accessed protected systems of 3 companies

September 19, 2026

California entrepreneur warns billionaire wealth tax could trigger ‘giant sucking sound’ of business exits

September 19, 2026

Frozen food giant shuts California factory, eliminating 260 jobs

September 19, 2026
Facebook X (Twitter) Instagram
The Financial News 247The Financial News 247
Demo
  • Home
  • News
  • Business
  • Finance
  • Companies
  • Investing
  • Markets
  • Lifestyle
  • Tech
  • More
    • Opinion
    • Climate
    • Web Stories
    • Spotlight
    • Press Release
The Financial News 247The Financial News 247
Home » GM union deal would invest $791.3M in Canadian auto factories amid US tariff pressure

GM union deal would invest $791.3M in Canadian auto factories amid US tariff pressure

By News RoomAugust 30, 2026No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn WhatsApp Telegram Reddit Email Tumblr
Share
Facebook Twitter LinkedIn Pinterest Email

General Motors plans to assemble a heavy-duty pickup at an Ontario plant as part of a tentative deal with a key union that would pump C$1.1 billion ($791.31 million) into Canada’s auto sector as it reels from US tariffs, a union bargaining report said on Saturday.

The investment comes as Canada’s auto sector grapples with 25% U.S. tariffs on vehicles, with President Trump pledging to double them to 50% on Jan. 1. The fate of Canadian auto plants has emerged as a central issue in stalled US-Canada trade negotiations.

GM plans to spend C$144 million to add the next-generation heavy-duty GMC Sierra truck to a plant in Oshawa, and pledged not to immediately sell or close a second assembly plant in Ingersoll, Ontario, according to the bargaining report from the union Unifor.

General Motors assembly plant in Oshawa, Ontario.
General Motors plans to spend C$144 million to add the next-generation heavy-duty GMC Sierra truck to its plant in Oshawa, Ontario.

The deal is contingent on approval from workers who are voting on Saturday and Sunday. Both Unifor and GM’s Canadian division declined comment during the vote.

The C$1.1 billion investment includes a C$691 million commitment to support production of new V8 engines in Ontario that was previously announced in April, the report said.

The tentative agreement was reached Aug. 22 between GM and Unifor on behalf of 4,600 union members in Canada’s most populous province, Ontario.

Trump, who has clashed with Ontario Premier Doug Ford in recent days, has also said he will increase tariffs on all Canadian cars and trucks, automotive parts and steel to 50% starting Jan. 1.

Autos are a key part of talks between the US and its northern neighbor to reduce US tariffs on Canadian-produced vehicles. Negotiations ended last week over unresolved issues, such as whether to cut duties on medium- and heavy-duty vehicles that are critical for Canadian factories.

The General Motors Co. logo at their world headquarters in Detroit.
GM also committed to not close or sell its CAMI assembly plant in Ingersoll, Ontario while it studies alternative production for the factory.

Canada has said it cannot accept a trade deal with the US unless the agreement ensures ‌the survival of a robust Canadian auto assembly and parts industry.

US Commerce Secretary Howard Lutnick has said Canadian negotiators only raised demands to include medium-and heavy-duty trucks on Friday at 4 p.m. just ahead of a deadline for securing a deal.

The tentative deal with Unifor would invest C$215 million to assemble a new generation transmission at a separate factory in St. Catherines, Ontario, starting in late 2029.

GM also committed to not close or sell its CAMI assembly plant, formally known as Canadian Automotive Manufacturing Inc., in Ingersoll while it studies alternative production for the factory. The plant would have priority to do defense work for the Canadian Armed Forces, in the event the automaker secures a contract for such output, the bargaining report said.

auto Business canada General Motors howard lutnick tariffs unions United States
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related News

Mark Ruffalo urges California AG Rob Bonta to reject Paramount-Warner merger settlement

September 19, 2026

AI fears mirror Y2K hysteria, but don’t dismiss concerns

September 19, 2026

Gemini AI guessed passwords, accessed protected systems of 3 companies

September 19, 2026

California entrepreneur warns billionaire wealth tax could trigger ‘giant sucking sound’ of business exits

September 19, 2026

Frozen food giant shuts California factory, eliminating 260 jobs

September 19, 2026

Wall Street hangout San Pietro that became a post-9/11 destination is open again after major revamp

September 18, 2026
Add A Comment
Leave A Reply Cancel Reply

Don't Miss

AI fears mirror Y2K hysteria, but don’t dismiss concerns

Business September 19, 2026

“If you’re worried about a bear market, sooner or later you’re going to be right.…

Gemini AI guessed passwords, accessed protected systems of 3 companies

September 19, 2026

California entrepreneur warns billionaire wealth tax could trigger ‘giant sucking sound’ of business exits

September 19, 2026

Frozen food giant shuts California factory, eliminating 260 jobs

September 19, 2026
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Our Picks

Wall Street hangout San Pietro that became a post-9/11 destination is open again after major revamp

September 18, 2026

Tech watchdogs fume as Google adtech monopoly left intact by judge

September 18, 2026

Anthropic quietly sets up biology lab as it ramps AI drug program

September 18, 2026

Paramount, California AG Rob Bonta hold advanced settlement talks: report

September 18, 2026
The Financial News 247
Facebook X (Twitter) Instagram Pinterest
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact us
© 2026 The Financial 247. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.