GM to invest C$100 mln in Canada plant- paper

Mon Nov 9, 2009 2:13am EST
 
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Nov 9 (Reuters) - General Motors Co [GM.UL] is planning to invest almost C$100 million ($93.6 million) at the CAMI Automotive plant in Ingersoll, Ontario, the Globe and Mail said, citing sources familiar with GM's plans.

The investment in the plant, which GM owns with Suzuki Motor (7269.T), is aimed at increasing output of the Chevrolet Equinox and GMC Terrain crossover utility vehicles, according to the paper.

The plant will be retooled over the next seven months and about 150 laid-off workers will be recalled, the paper said, citing sources.

GM could not be immediately reached for comment by Reuters outside regular business hours. (Reporting by Ajay Kamalakaran in Bangalore; Editing by David Holmes) ($1=1.068 Canadian Dollar)

 

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