General Motors Co. is voluntarily delisting from the Toronto Stock Exchange, due in part to “low trading volume," the automaker said Wednesday.
Collective bargaining at General Motors' CAMI assembly plant in Ingersoll, Ont., started Thursday as about 400 workers there are slated to be laid off this month. The current four-year deal expires Sept. 17.
New-vehicle sales in Canada were up five per cent in July, mainly on the backs of General Motors, Honda and Nissan, all of which saw their sales increase by double-digit percentages.
The base model of 2018 Chevrolet Traverse in Canada will start at $36,695, including shipping, just $165 more than the outgoing 2017 model.
While its sales soared in Canada, General Motors said its net income dropped 42 per cent in the second quarter, primarily because of the pending sale and restructuring of its European operations.
Canada will get two of three versions of the 2018 Buick Regal, GM said in disclosing a $47,145 price for the Sportback GS edition.
Union leaders at the General Motors Oshawa assembly plant east of Toronto are optimistic that GM's commitment to finishing full-size pickups there will lead to eventual full production of the Chevrolet Silverado and GMC Sierra in Canada.
Unifor, which represents more than 3,000 hourly employees at GM's CAMI plant in Ingersoll, Ont., hopes a petition to the federal government will help secure and maintain production and staffing at the factory.
Chevrolet's global chief marketing officer Tim Mahoney has steered the brand's "Find New Roads" campaign. Now, he's exporting the American Dream to Canada in a new ad here.
Layoffs at the General Motors CAMI plant in Ingersoll, Ont., where the Chevrolet Equinox is assembled, have been delayed by nearly two months, according to the union that represents hourly workers at the factory.
General Motors Canada is recalling 79,369 pickups from the 2014 model year because of a power steering problem that affects the trucks during low-speed turns.
Canada has enough top-notch tech talent to satisfy the auto industry's need, says Jonathan Hack, a former GM engineer and now president of the Ontario Society of Professional Engineers.