GM buys remaining stake in CAMI plant from Suzuki

Chris Shunk — Mon, 07 Dec 2009 11:29:00 EST

Filed under: Plants/Manufacturing, Crossover, Chevrolet, GM, GMC, Canada

2010 Chevrolet Equinox - Click above for high-res image gallery

It's safe to say that 2009 has been the most difficult year in the 101-year history of General Motors. But while most of the news coming out of GM has been tough to swallow, the Detroit, MI-based automaker has had one very good piece of news: its new products are faring well in the marketplace. And of all the new products GM brought to market this year, none has higher volume than its Theta-based crossovers built at the CAMI plant in Ingersoll, Ontario. The 2010 Chevrolet Equinox and the GMC Terrain have been successful enough that The General has added a third shift, scheduled regular overtime for the rank and file and even spent $93 million on a new body shop to increase production capacity by 40,000 units per year.

But GM was spending big bucks and building very important vehicles at a plant that it jointly owned with partner Suzuki. Well, GM changed that last week when it announced that it was buying Suzuki's stake in the Canadian facility. GM has not disclosed the amount of money it paid to take over full interest of the facility, but we're guessing the total wasn't nearly as much as the cost of a new plant, which can cost over $1 billion. But while the news was good for GM and the people of Ingersoll, we're guessing the folks who work at closing plant in the U.S. aren't all that happy about this development. Hit the jump to read over GM's brief press release.

Gallery: Review: 2010 Chevrolet Equinox

[Source: General Motors]

Continue reading GM buys remaining stake in CAMI plant from Suzuki

GM buys remaining stake in CAMI plant from Suzuki originally appeared on Autoblog on Mon, 07 Dec 2009 11:29:00 EST. Please see our terms for use of feeds.

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UPDATE: 2009 GMC Terrain a new vehicle, will join a new Chevy Equinox

Alex Nunez — Mon, 17 Dec 2007 00:10:00 EST

Filed under: SUV, Crossover, Chevrolet, GM, GMC, Misc. Auto Shows

Okay, the Automotive News story we were tipped on earlier is now out, and we can clarify the details about the upcoming 2009 GMC Terrain. As initially reported, the Terrain replaces the Pontiac Torrent, which gets laid to rest as Pontiac becomes car-focused once again. The news is that Terrain will be a new vehicle roughly sized the same as the Jeep Liberty, and probably not the exact truck you see above, from the sound of things. It'll join a new Chevy Equinox also built atop the updated Theta platform, and the GMC will have unique sheetmetal that's said to be "bolder" than that of the Chevy. Look for pricing to be in the same ballpark as the Equinox, which will start in the $22,000 range. The Terrain (and presumably the Equinox) will be built at the CAMI plant in Ingersoll, Ontario. So, while the new Terrain will share a name with the Antara variant being sold in the Middle East, it sounds like it's going to be its own truck, and not a straight rebadging exercise like the one shown here. We expect to see both the new Terrain and the next-gen Equinox at some point during the upcoming show season.

[Source: Automotive News]

UPDATE: 2009 GMC Terrain a new vehicle, will join a new Chevy Equinox originally appeared on Autoblog on Mon, 17 Dec 2007 00:10:00 EST. Please see our terms for use of feeds.

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