General Motors of Canada Limited

General Motors of Canada Limited

March 08, 2009 13:23 ET

GM Canada Statement

OSHAWA, ONTARIO--(Marketwire - March 8, 2009) - GM and the CAW have reached a tentative labour agreement that will bring the Company's labour costs to much more competitive levels and help ensure the Company's long term viability. The agreement marks a positive further step in GM Canada's Restructuring Plan submitted to the Ontario and Federal Governments on February 20, 2009. We compliment the CAW for their leadership to share sacrifices in these extremely challenging economic times. GM Canada is committed to ensuring a viable, leaner and greener business for the future, which will allow us to continue providing high quality, fuel efficient cars and trucks for our loyal customers.

General Motors of Canada (GMCL) is headquartered in Oshawa Ontario and employs 12,000 people nationwide. GM of Canada manufactures vehicles, vehicle powertrains, and markets the full range of General Motors vehicles and related services through approximately 700 dealerships and retailers across Canada.

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