General Motors Co. plans to spend $1 billion on construction and renovations at its Detroit-area technical centre, a top-to-bottom overhaul aimed at boosting innovation and employee attraction across a 60-year-old campus.
The Harper government says it has unloaded its remaining multibillion-dollar stake in General Motors. The federal Finance Department says the government sold nearly 73.4 million shares Monday in an unregistered block trade to Goldman, Sachs & Co.
The death toll from crashes involving General Motors cars with defective ignition switches has climbed to 57. The total is one more than last week. It was posted Monday online by compensation expert Kenneth Feinberg.
The Harper government's push to deliver a balanced budget despite the burden of low oil prices has attracted fresh attention to a potential stockpile of federal cash: a multi-billion-dollar taxpayer stake in the auto business.