The GM plant in Ontario will (instead of being closed) produce the new Camaro, saving approximately 2700 jobs though they will lose some of the total number now employed. Ford's 20% production reduction is likely to mean the layoff (perhaps permanent) of up to
15,000 employees.
GM is legally obligated to use the Canadian plant as they previously had for the Camaro Firebird.
It is sad to see how poorly Ford's stocks are doing. They actually are a bargain deal for anyone to buy. I was reading how Ford might go private and now that the stocks are cheap enough can easily be done.
what? "the" plant north of Montreal which produced the F-body until 02 has been torn down to build a shopping center. the new car is going to be built in Oshawa Ontario. i think that you are referring to certain governmental incentives (loans and other) that GM received to build those crappy cars (i had one). from what i understand, the quebec government got the short end of the deal. i believe that they produced those cars all the way up to 02 to satisfy certain obligations, in absence of them, the car would have been junked years earlier.
its a great stock to buy... (sarcastically) why no go to a casino instead. or buy a bunch of lottery tickets.
building that camaro in canada is GM's first mistake with it.
from what i understand, GM thought that the last f-body's lack of success in the US was due to its manufacture outside the country. great for jobs for us canadians, but i think it is going to be GM's first big screwup. and the fact that the car would be cheaper if built in mexico. keep in mind that the camaro has to be the same price (or area) as the Mustang. the last one was at least 10-20% more expensive. the mustang is a better car. in the long run, i doubt GM will be able to get the same success out of their car as ford has done with the mustang - base on what they did with the 1993 redesign. next, they will announce the use of their malibu maxx platform for the camaro (ha!). (in refernce to the trailblazer's platform under the SSR.
harold in montreal
Oshawa has the best quality and productivity in North America...not just out of GM's plants or 'Big Three' plants, but out of ALL manufacturers! We worked hard for this car and earned it, as well as the other 4 or 5 models we expect to run on the same line. (It will obviously not be on the Mailibu Max platform, but is sharing a platform called 'Zeta' with the future rw drive Impala, Cadillac DTS and Buick Lucerne.) We also made major concessions last spring. If you have never seen the Oshawa complex, it is the biggest auto manufacturing complex in the world, encompassing two car plants and a truck plant plus stamping and tri-axle facilities. Everything...parts suppliers, etc...is nearby. GM has been in Oshawa for 98 years; it is nothing like the situation of the old Ste-Therese plant!
It is a bit of a fallacy that this announcement will 'save' the #2 car plant. It will still eventually shut down. When the #1 car plant is retooled, it will expand to cover the plant 2 area as well. GM will be building these cars with far fewer employees and with some former employees outsourced. The union has allowed temporary workers and I think most future new hires will be just that. I think people like me (with 23 years service) are the last generation of 'traditional' autoworkers. So it is debatable whether it would be cheaper to produce in Mexico.
In reading posts by Camaro enthusiasts, most seem to be quite happy to see it being built at the top quality plant, notwithstanding it being in Canada .
Jane
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