03:53:27 EDT Sat 20 Apr 2024
Enter Symbol
or Name
USA
CA



General Motors Company
Symbol GMM
Shares Issued 1,451,677,428
Close 2017-09-18 U$ 38.60
Market Cap U$ 56,034,748,721
Recent Sedar Documents

Globe says GM set to use Mexico as Cami plant strikes

2017-09-19 07:09 ET - In the News

The Globe and Mail reports in its Tuesday, Sept. 19, edition that Chevrolet Equinox crossovers have been produced at two plants in Mexico since General Motors began making the vehicle in that country earlier this year to supplement the main source of the Equinox, which has been the Cami plant in Ingersoll, Ont., for more than a decade. The Globe's Greg Keenan writes that a strike began at the Ingersoll plant on Sunday. The fact that GM would permit a plant making its key entrant in one of the fastest-growing segments of the market to be shut down, coupled with the shift in production of the GMC Terrain to Mexico from Cami earlier this summer, puts Unifor on notice that the automaker has other options and it is prepared to use them. "This is GM sending a signal and I think showing that they have a little more leverage, at least in the near term," said industry analyst Jeff Schuster. Unifor president Jerry Dias agrees with that analysis, but points out that the strike underlines that Canada has lost and Mexico has won when it comes to the North American free-trade agreement and the auto industry.

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