General Motors Restarts Production At Oshawa Assembly Plant - InvestingChannel

General Motors Restarts Production At Oshawa Assembly Plant

General Motors (NYSE:GM) has restarted vehicle production at its Oshawa, Ontario Assembly Plant after shutting operations down at the end of 2019.

The company says the first Chevrolet Silverado pickup truck on the retooled line was completed yesterday (November 10) and that trucks will start shipping to dealers in December of this year.

GM says the plant should create about 1,800 jobs over two shifts, while also supporting thousands of additional jobs from suppliers.

The restart of production comes a year after GM announced it would invest $1.3 billion U.S. to reopen the Oshawa manufacturing plant.

GM, which said it moved to reopen the plant because of strong demand for pickup trucks, had initially planned to restart operations in early 2022 but moved up the schedule earlier this year.

The closure of the Oshawa plant in late 2019 led to about 2,300 GM employees being laid off plus thousands more at various suppliers.