General Motors will spend more than $450 million to prepare its CAMI Automotive assembly plant in Ingersoll, Ont. to build the next generation Chevrolet Equinox.
The U.S. automaker said it will spend approximately $190 million directly at the plant on equipment and tools and about $370 million in vendor tooling with suppliers in Canada.
“These investments, which follow planning and study with our partners, are a further vote of confidence in our employees, our business and our future in Ontario and Canada,” said Steve Carlisle, president and managing director of General Motors of Canada.
The investment announcement, which was made at the Canadian International Auto Show in Toronto, follows a 2013 investment of $250 million in new equipment at the plant.
The CAMI plant currently produces the Chevrolet Equinox and the GMC Terrain. It employs about 3,000 workers.
Production of the Terrain is expected to move to Mexico in 2016.
The Ontario and federal governments praised the investment by GM. “This welcomed investment underscores GM’s confidence in Ontario as a global leader in automotive manufacturing, and a great destination for building the next generation Chevrolet Equinox,” Ontario Economic Development Minister Brad Duguid said.
CAMI Automotive, originally known as Canadian Automotive Manufacturing Inc., is based out of Ingersoll, and is completely owned by General Motors of Canada.
