General Motors Canada will be investing $250 million into the CAMI Assembly Plant in Ingersoll.
The company says the investment will be used to install flexible body shop equipment and tooling, converting the manufacturing facility to support future production of multiple vehicles.
"Conversion of the CAMI Assembly Plant to a flexible manufacturing facility will provide CAMI with the ability to produce multiple global architectures and body styles," Kevin Williams, president and managing director of General Motors of Canada said in a statement.
He added that "Continually improving the flexibility of our manufacturing operations helps us respond quickly to customer needs and market demand."
Williams said they’ve have had a strong start to 2013, with customer demand for their newest vehicles driving improved sales.
"This is strong confirmation that our investing in manufacturing flexibility, finding ways to bring new products to market faster, is the right strategy," said Williams.
The investment means the plant will be producing the next generation of the Equinox and Terrain vehicles, and helps secure the employment of CAMI’s 3,000 workers.
Insiders say it also means work for about seven years, the lifespan of the new vehicle.
Construction is expected to begin in the coming weeks.
