$1.3 billion investment brings automaker’s total spending on US manufacturing plants to $2.8 billion in 2013.
Dan Akerson says taxpayers would have had to pick up the company’s $26 billion pension obligation if the automaker went under.
Federal, state governments also would have lost $39.4 billion in tax revenue and other payments
Employer found guilty of failing to prevent the movement of a conveyor that toppled during dismantling.
Cars destined for Latin American markets are often produced without antilock braking systems, electronic stability control, or more than two air bags.
Flaherty forecasts a surplus of $3.7 billion in 2015-16, with a $3-billion cushion.
The automaker’s US sales rose 12% through October, outpacing the industry.
The Canadian government sold a block of 30 million GM shares in September, valued at $1.1 billion.
Detroit-Hamtramck plant will meet 58% of power needs with steam generated from municipal waste.
The bank has revised its 2013 forecast for Canada to 1.735 million from 1.72 million units.
Ford led the way with a gain of more than 10%, selling 22,635 vehicles for the month, up from 20,561 a year ago.
The consolidated line will now cease production in 2016.
Despite high sales, assembly plants in Canada aren’t growing the way they should be.
Canadian assemblers could lose more than 20% of their production by 2020: AutomotiveCompass.
Analysts suggest if sales continue at their current pace, 2013 will be a record year for auto sales, topping 1.7 million units.