General Motors of Canada Ltd. plans to invest $68-million in its Oshawa, Ont. assembly plant, where it will build the next-generation Chevy Impala, the company said Friday.
The investment will secure about 350 jobs, the company said, and comes after its August announcement that it would build its new Cadillac XTS at the plant.
On Aug. 4, the company said it would invest about $117-million in preparing the plant to produce the Cadillac and that it expected the new line to create or retain 400 jobs at the plant.
Kevin Williams, president of GM Canada, made the announcement at the Oshawa plant just after 11 a.m. Friday.
GM Canada said the next-generation Chevy Impala will be built at both its Detroit-Hamtramck plant and the Oshawa plant.
“With the investments for the Chevrolet Impala and Cadillac XTS, we are taking big steps forward to ensure we maximize the flexible manufacturing facility and high-quality workforce that exist in Oshawa,” Mr. Williams said in a statement.
He said the company is affirming the important role Canada will play in its future, building on recent capacity increases, product launches and new shifts in its Canadian operations.
Federal Finance Minister Jim Flaherty, along with Ontario Economic Development and Innovation Minister Brad Duguid and Canadian Auto Workers National President Ken Lewenza were all on hand for the announcement.
“This marks an important step forward in GM’s recovery and underscores the continued strengthening of the North American auto sector,” Mr. Flaherty said.
The federal government, along with the government of Ontario, invested $10.8-billion in GM Canada’s parent company General Motors Co. in a 2009 bailout.
GM Canada employs more than 10,000 people across the country and the Oshawa plant has more than 4,400 workers.
The company also launched the Buick Regal, Chevrolet Camaro Convertible and Chevrolet Equinox at the plant this year.