General Motors to get support worth $400 million for Canadian plants

General Motors will receive support worth C$518 million ($411.35 million) from Canada toward its multi-billion dollar investments concerning its two plants in Ontario, including one that will produce electric vehicles, according to the Canadian government.

Both the federal government and Ontario’s provincial government are set to spend C$259 million each as part of the automaker’s C$2 billion-plus investment at its Oshawa plant and CAMI assembly plant at Ingersoll.

The C$2 billion commitment consists C$1 billion investment at the Ingersoll plant that was declared in 2021, the automaker said on Monday.