Oshawa News - INCLUDING CONVERTIBLE
02-21-2009, 10:04 AM
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Oshawa News - INCLUDING CONVERTIBLE
Source: General Motors Canada
Quotes:
Between now and 2013, Oshawa Car Plant production would begin on the “flex line” with the Chevrolet Camaro starting in early 2009, to be followed by two new front-wheel-drive mid-sized products.
The first front-wheel drive car, initially expected to start production in 2010 has now been delayed until late in 2011 as a necessary step to conserve cash. A hybrid version of this front-wheel-drive car would still be expected to proceed and would be the first hybrid car assembled in Canada.
The timing of the start of production of a second front-wheel-drive vehicle for the flex line has not yet been confirmed.
A further small-volume model that has been under consideration for the flex line is still subject to further assessment.
Also at the Oshawa Car Plant, production of the Chevrolet Impala on the “consolidated line” moved to two shifts of production effective February 9, 2009, and is expected to remain in production, subject to market conditions, until 2013.
St. Catharines Glendale Powertrain Facility will supply engines and transmissions for the new front wheel drive cars to be manufactured at Oshawa Car Plant. As a result of the delay in the start of production of the first front-wheel-drive car at the Oshawa Car Plant, the start of production of 6 speed front-wheel-drive transmissions will be delayed until mid-2012.
GM will also launch the ground-breaking Chevrolet Volt in 2010 with the Canadian launch expected in 2011. The Volt is an extended-range electric vehicle that will provide up to 65 km of electric-only driving on a single charge.
For the 2009 model year, GMCL is offering more hybrid models than any other company in Canada and GM plans to offer 15 hybrid models in North America by 2012. We have long been the largest seller of small cars in Canada. Going forward, 24 of the next 26 new planned vehicle launches in North America will be fuel-efficient cars or crossovers.
GMCL has become a fuel efficiency leader with 21 models for sale in Canada in the 2008 model year that achieve 7.0 Litres/100 km on the highway - more small fuel-efficient models than any other automaker in Canada.
While the challenges are great, GMCL has developed the Restructuring Plan that will enable it to emerge from the current market crisis as a viable, sustainable company. The Restructuring Plan requires several actions and agreements with GMCL stakeholders that must be accomplished before the end of March 2009.
GMCL has shared and reviewed an exhaustive range of financial and competitive information with the Ontario and Federal governments under appropriate non-disclosure agreements, and information has also been shared with the CAW. All of the key actions in the Restructuring Plan must be taken together to sustain GMCL‟s operations, reduce its structural costs, ensure its competitiveness and refinance its balance sheet to address unsustainable legacy costs.
The Restructuring Plan would allow GMCL to reduce and refinance these liabilities to ensure a viable, sustainable future business in Canada. We are prepared to negotiate financing agreements required to complete this Plan. GMCL‟s Restructuring Plan is also transformative. The benefits of success will include the launch of 5 new GM products, including the production of Canada‟s first hybrid cars, that will maintain Canada‟s proportion of Canadian-US production over the plan period. Working with Canadian universities and suppliers we will set new benchmarks in green technology R&D.
Through shared sacrifice, we will secure the pensions of thousands of GM retirees and the jobs of thousands of active employees and dependent workers in GM‟s supply chain. We will sustain GMCL‟s long and rich history in Canada and pay back Canadian taxpayers. GMCL appreciates its constructive partnerships with the Canadian Federal and Ontario Governments. We look forward to continuing our discussions in this regard and to finalizin
------------------------------------
Also stated in the release:
Camaro Start Of Production is simply listed as "03/09".
An "Unknown Convertible Model" will begin production in February of 2010.
A "Short Wheelbase Mid-Sized Sedan" will begin production in August of 2011.
A "Hybrid Variant of the Short Wheelbase Mid-Sized Sedan" will begin production in 4Q 2011.
A "Further Model" will begin production after this model.
A "Long Wheelbase Sedan" will begin production in January of 2013.
The Chevrolet Equinox will begin production in May 2009.
The GMC Terrain (name is confirmed in report) will begin production in August 2009.
Quotes:
Between now and 2013, Oshawa Car Plant production would begin on the “flex line” with the Chevrolet Camaro starting in early 2009, to be followed by two new front-wheel-drive mid-sized products.
The first front-wheel drive car, initially expected to start production in 2010 has now been delayed until late in 2011 as a necessary step to conserve cash. A hybrid version of this front-wheel-drive car would still be expected to proceed and would be the first hybrid car assembled in Canada.
The timing of the start of production of a second front-wheel-drive vehicle for the flex line has not yet been confirmed.
A further small-volume model that has been under consideration for the flex line is still subject to further assessment.
Also at the Oshawa Car Plant, production of the Chevrolet Impala on the “consolidated line” moved to two shifts of production effective February 9, 2009, and is expected to remain in production, subject to market conditions, until 2013.
St. Catharines Glendale Powertrain Facility will supply engines and transmissions for the new front wheel drive cars to be manufactured at Oshawa Car Plant. As a result of the delay in the start of production of the first front-wheel-drive car at the Oshawa Car Plant, the start of production of 6 speed front-wheel-drive transmissions will be delayed until mid-2012.
GM will also launch the ground-breaking Chevrolet Volt in 2010 with the Canadian launch expected in 2011. The Volt is an extended-range electric vehicle that will provide up to 65 km of electric-only driving on a single charge.
For the 2009 model year, GMCL is offering more hybrid models than any other company in Canada and GM plans to offer 15 hybrid models in North America by 2012. We have long been the largest seller of small cars in Canada. Going forward, 24 of the next 26 new planned vehicle launches in North America will be fuel-efficient cars or crossovers.
GMCL has become a fuel efficiency leader with 21 models for sale in Canada in the 2008 model year that achieve 7.0 Litres/100 km on the highway - more small fuel-efficient models than any other automaker in Canada.
While the challenges are great, GMCL has developed the Restructuring Plan that will enable it to emerge from the current market crisis as a viable, sustainable company. The Restructuring Plan requires several actions and agreements with GMCL stakeholders that must be accomplished before the end of March 2009.
GMCL has shared and reviewed an exhaustive range of financial and competitive information with the Ontario and Federal governments under appropriate non-disclosure agreements, and information has also been shared with the CAW. All of the key actions in the Restructuring Plan must be taken together to sustain GMCL‟s operations, reduce its structural costs, ensure its competitiveness and refinance its balance sheet to address unsustainable legacy costs.
The Restructuring Plan would allow GMCL to reduce and refinance these liabilities to ensure a viable, sustainable future business in Canada. We are prepared to negotiate financing agreements required to complete this Plan. GMCL‟s Restructuring Plan is also transformative. The benefits of success will include the launch of 5 new GM products, including the production of Canada‟s first hybrid cars, that will maintain Canada‟s proportion of Canadian-US production over the plan period. Working with Canadian universities and suppliers we will set new benchmarks in green technology R&D.
Through shared sacrifice, we will secure the pensions of thousands of GM retirees and the jobs of thousands of active employees and dependent workers in GM‟s supply chain. We will sustain GMCL‟s long and rich history in Canada and pay back Canadian taxpayers. GMCL appreciates its constructive partnerships with the Canadian Federal and Ontario Governments. We look forward to continuing our discussions in this regard and to finalizin
------------------------------------
Also stated in the release:
Camaro Start Of Production is simply listed as "03/09".
An "Unknown Convertible Model" will begin production in February of 2010.
A "Short Wheelbase Mid-Sized Sedan" will begin production in August of 2011.
A "Hybrid Variant of the Short Wheelbase Mid-Sized Sedan" will begin production in 4Q 2011.
A "Further Model" will begin production after this model.
A "Long Wheelbase Sedan" will begin production in January of 2013.
The Chevrolet Equinox will begin production in May 2009.
The GMC Terrain (name is confirmed in report) will begin production in August 2009.
The convertible Camaro can't get here soon enough.
02-21-2009, 11:57 AM
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