General Motors to Invest Over C$1 Billion in Canada as Workers Approve Deal - General Motors (NYSE:GM)

General Motors says Canadian workers have approved a new labor agreement that secures production of a next-generation heavy-duty GMC Sierra at its Oshawa, Ontario plant, despite U.S.-Canada trade tensions. The deal, unveiled by the union Unifor on Saturday, includes GM’s commitment to invest C$144 million (US$103.63 million) in Oshawa. GM also pledged to keep its CAMI Assembly plant in Ingersoll, Ontario, open for the agreement’s duration. Unifor represents 4,600 GM workers in the province. Under the contract, workers will receive 3% annual wage increases over three years. GM said the deal improves wages, benefits, and job security. The agreement comes as Trump threatens tariffs up to 50% on autos, parts, and steel starting Jan. 1, 2027.