As reported by General Motors
Oshawa, ON - General Motors of Canada Limited today announced that it will acquire 100 percent ownership of CAMI Automotive Incorporated (CAMI) through a purchase transaction to buy shares currently owned by long-time partner Suzuki Motor Corporation.
CAMI recently led GM’s highly successful North American launch of the all-new Chevrolet Equinox and GMC Terrain and is rapidly expanding capacity to meet the strong customer demand for these popular and fuel-efficient compact crossovers.
“GM Canada recognizes that the culture and values of the CAMI workforce have played a key role in producing world class vehicles,” said Arturo Elias, president of GM Canada. "Bringing CAMI completely into the GM family is a strong vote of confidence in the people there and builds on the recent positive news at the plant since the highly successful launch of the Chevrolet Equinox and GMC Terrain.”
In November alone, sales for these vehicles increased over 17 percent. To keep up with demand, GM is rapidly expanding capacity at CAMI through scheduled overtime, the recent addition of a third shift and commencement of a C$90M body shop expansion to increase capacity by an additional 40,000 vehicles annually - great news for GM, the employees at CAMI and the community in Ingersoll, Ontario.
photo:General Motors
Oshawa, ON - General Motors of Canada Limited today announced that it will acquire 100 percent ownership of CAMI Automotive Incorporated (CAMI) through a purchase transaction to buy shares currently owned by long-time partner Suzuki Motor Corporation.
CAMI recently led GM’s highly successful North American launch of the all-new Chevrolet Equinox and GMC Terrain and is rapidly expanding capacity to meet the strong customer demand for these popular and fuel-efficient compact crossovers.
“GM Canada recognizes that the culture and values of the CAMI workforce have played a key role in producing world class vehicles,” said Arturo Elias, president of GM Canada. "Bringing CAMI completely into the GM family is a strong vote of confidence in the people there and builds on the recent positive news at the plant since the highly successful launch of the Chevrolet Equinox and GMC Terrain.”
In November alone, sales for these vehicles increased over 17 percent. To keep up with demand, GM is rapidly expanding capacity at CAMI through scheduled overtime, the recent addition of a third shift and commencement of a C$90M body shop expansion to increase capacity by an additional 40,000 vehicles annually - great news for GM, the employees at CAMI and the community in Ingersoll, Ontario.
photo:General Motors