May 19, 2020

GM to Manufacture the Chevrolet Impala in Canada

auto manufacturing
2012 chevrolet impala
Cadillac XTS
Chevrolet Impala
Bizclik Editor
2 min
GM to Manufacture the Chevrolet Impala in Canada

 

GM Canada announced today its investment of $68 million into its Oshawa Assembly Plant. Invested to build the next generation of the Chevrolet Impala, the investment will secure an estimated 350 jobs. 

“With the investments for the Chevrolet Impala and Cadillac XTS, we are taking big steps forward to ensure we maximize the flexible manufacturing facility and high-quality workforce that exist in Oshawa,” said Kevin Williams, president and managing director of General Motors of Canada. “We are building on the recent capacity increases, product launches and shift additions at our Canadian operations to affirm that Canada will play an important role in the new GM as we continue to transform our product lineup.”

The Oshawa Assembly Plant has had a total combined investment of $185 million this year. This is a direct result of GM’s production plan to additionally support the 2012 Cadillac XTS out of Oshawa, announced in August. This combined investment is expected to create/retain an estimated 750 jobs. Since 2009, GM has made five new product commitments to Canada, the fifth being the Impala.

“The Government of Canada made an important decision back in December 2008 to provide significant support to GM,” said the Honourable Jim Flaherty, Minister of Finance. “Since then it has become clear this was the right decision.  Our support has helped preserve Canada’s place in the automotive industry.  It has helped protect jobs in communities across Canada in automotive assembly and automotive parts production.”

 

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“Our government supported GM as it restructured to respond to the global economic downturn. That support saved thousands of jobs, and kept GM in Ontario,” said Brad Duguid, Minister of Economic Development and Innovation. “Today’s announcement shows that GM and Ontario’s auto sector are on the right track — GM is securing hundreds of jobs for Ontario families, and Ontario continues to be the top auto manufacturing jurisdiction in North America.”

Cheverolet Impala production, specifically, will be a combined effort between GM’s Oshawa Assembly Plant and teh Detroit-Hamtramck Assembly Plant.

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Jun 10, 2021

G7 Summit guide: What it is and what leaders hope to achieve

G7
G7Summit
Sustainability
EU
3 min
Business Chief delves into what the G7 is and represents and what its 2021 summit hopes to achieve

Unless you’ve had your head buried in the sand, you’ll have seen the term ‘G7’ plastered all over the Internet this week. We’re going to give you the skinny on exactly what the G7 is and what its purpose on this planet is ─ and whether it’s a good or a bad collaboration. 

 

Who are the G7?

The Group of Seven, or ‘G7’, may sound like a collective of pirate lords from a certain Disney smash-hit, but in reality, it’s a group of the world’s seven largest “advanced” economies ─ the powerhouses of the world, if you like. 

The merry band comprises:

  • Canada
  • France
  • Germany
  • Italy
  • Japan
  • The United Kingdom
  • The United States

Historically, Russia was a member of the then-called ‘G8’ but found itself excluded after their ever-so-slightly illegal takeover of Crimea back in 2014.

 

Since 1977, the European Union has also been involved in some capacity with the G7 Summit. The Union is not recognised as an official member, but gradually, as with all Europe-linked affairs, the Union has integrated itself into the conversation and is now included in all political discussions on the annual summit agenda. 

 

When was the ‘G’ formed?

Back in 1975, when the world was reeling from its very first oil shock and the subsequent financial fallout that came with it, the heads of state and government from six of the leading industrial countries had a face-to-face meeting at the Chateau de Rambouillet to discuss the global economy, its trajectory, and what they could do to address the economic turmoil that reared its ugly head throughout the 70s. 

 

Why does the G7 exist?

At this very first summit ─ the ‘G6’ summit ─, the leaders adopted a 15-point communiqué, the Declaration of Rambouillet, and agreed to continuously meet once a year moving forward to address the problems of the day, with a rotating Presidency. One year later, Canada was welcomed into the fold, and the ‘G6’ became seven and has remained so ever since ─ Russia’s inclusion and exclusion not counted. 

 

The group, as previously mentioned, was born in the looming shadow of a financial crisis, but its purpose is more significant than just economics. When leaders from the group meet, they discuss and exchange ideas on a broad range of issues, including injustice around the world, geopolitical matters, security, and sustainability. 

 

It’s worth noting that, while the G7 may be made up of mighty nations, the bloc is an informal one. So, although it is considered an important annual event, declarations made during the summit are not legally binding. That said, they are still very influential and worth taking note of because it indicates the ambitions and outlines the initiatives of these particularly prominent leading nations. 

 

Where is the 2021 G7 summit?

This year, the summit will be held in the United Kingdom deep in the southwest of England, with Prime Minister Boris Johnson hosting his contemporaries in the quaint Cornish resort of Carbis Bay near St Ives in Cornwall. 
 

What will be discussed this year? 

After almost two years of remote communication, this will be the first in-person G7 summit since the novel Coronavirus first took hold of the globe, and Britain wants “leaders to seize the opportunity to build back better from coronavirus, uniting to make the future fairer, greener, and more prosperous.”

 

The three-day summit, running from Friday to Sunday, will see the seven leaders discussing a whole host of shared challenges, ranging from the pandemic and vaccine development and distribution to the ongoing global fight against climate change through the implementation of sustainable norms and values. 

 

According to the UK government, the attendees will also be taking a look at “ensuring that people everywhere can benefit from open trade, technological change, and scientific discovery.” 

 

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