Representatives of the Canadian authorities and the vice president of GM Global Chevrolet are expected to announce “important investments in the future of the Canadian automotive industry” on April 4.

Canada plans to invest multibillion-dollar funds in two plants of the American company General Motors, one of which will produce electric commercial vehicles. This was reported by Reuters, citing a source in the Canadian government.

According to the agency’s source, both the federal government and the Ontario provincial government will invest in two General Motors plants located in Ingersoll and Oshawa. However, he did not provide any details on this issue.

Representatives of the Canadian authorities and the vice president of GM Global Chevrolet are expected to announce “important investments in the future of the Canadian automotive industry” on Monday. However, it is indicated that General Motors declined to comment further.

At the beginning of last year, General Motors announced that it would invest 1 billion Canadian dollars (about $799 million) in the conversion of the CAMI assembly plant in Ingersoll for the production of BrightDrop EV600 commercial vans. At the end of 2021, the company reopened its plant in Oshawa – after it was closed for two years – to produce a Chevrolet Silverado pickup truck. General Motors plans to produce 1 million electric vehicles in North America by the end of 2025.