Canadian media are reporting that General Motors plans to shut down operation in Oshawa, Canada. This is quite possibly an outcome that portends the sign of things to come…
CANADA – Numerous sources have told CTV Toronto that General Motors is planning to close all operations in Oshawa, Ont., affecting thousands of high-paying jobs.
The announcement is expected to be made on Monday, in the city of about 159,000 people located roughly 60 kilometres east of Toronto. Sources said they believe the Oshawa closures are part of a global restructuring. (read more)
GM holds considerable risk exposure within the current state of international trade and economics as it relates to the auto industry. As a result of the ongoing U.S-China trade confrontation, GM holds risk as a result of heavy investment in China. Add to that exposure the very significant financial impacts about to start for heavy manufacturing operations inside countries aligned with the Paris Climate Treaty, and the risk increases.
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