REPORT: GM to invest C$100M in Ingersoll plant to boost GMC Terrain, Chevy Equinox volume
It's early, but so far, General Motors' 2010 Chevrolet Equinox and GMC Terrain twins are exceeding sales expectations by enough of a margin that the automaker may have to shell out some serious coin to better-align production with demand. Reuters and the Toronto Star say GM will pay $100 million loonies ($93M USD) to upgrade its CAMI assembly facility in Ingersoll, Ontario to pump out more copies of the well-received crossovers. The move comes after The General added a third shift at the facility on October 19, resulting in 350 new jobs. The plant expansion, which Canadian officials told The Star would occur over the next six months, would result in the call-back of an additional 150 laid off positions.
The Equinox and Terrain were major factors in GM's 4% year-over-year sales increase in October, as the two new crossovers accounted for 7,868 and 2,994 October sales, respectively.
- Most and least efficient car companies
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models