GM acquires full ownership of CAMI, buys Suzuki’s shares

2010 Chevrolet Equinox

General Motors of Canada Limited announced today that it will acquire 100 percent ownership of CAMI Automotive Inc through a purchase transaction; buying shares that are currently owned by partner Suzuki Motor Corp. CAMI is responsible for the successful North American launch of the new 2010 Chevrolet Equinox and the 2010 GMC Terrain.

“GM Canada recognizes that the culture and values of the CAMI workforce have played a key role in producing world class vehicles,” said Arturo Elias, president of GM Canada. “Bringing CAMI completely into the GM family is a strong vote of confidence in the people there and builds on the recent positive news at the plant since the highly successful launch of the Chevrolet Equinox and GMC Terrain.”

GM said that sales of the two SUVs improved in Nov. by 17 percent. To keep up with demand, GM is expanding capacity at CAMI through overtime and the recent addition of a third shift at the plant. The automaker also invested C$90M in a body shop to increase capacity by an additional 40,000 vehicles annually.

Check out our review of the 2010 Chevrolet Equinox and the 2010 GMC Terrain review here.

Review: 2010 GMC Terrain:

Review: 2010 GMC Terrain Review: 2010 GMC Terrain Review: 2010 GMC Terrain Review: 2010 GMC Terrain

All Photos Copyright © 2009 Omar Rana ““ egmCarTech.

2010 Chevrolet Equinox:

– By: Omar Rana