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Monday, September 8, 2008

GM to invest $290 million in Ontario

General Motors of Canada is investing $290 million in the depressed Ontario cities of St. Catharines and Oshawa.
The company will get major tax breaks for penalties it faces for not meeting production commitments made under earlier Government aid packages.
About $245 million will go to the power transmission plant at St. Catharines. Oshawa will get $40 million for an environmental research upgrade.

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