Canada: Closure of GM’s Oshawa plant reveals rapid changes in auto industry

The decision was part a global restructuring for the company that also includes winding down production at four U.S. assembly plants and other cuts to free up US$6 billion for investments in the new initiatives.

The move is a reflection of an auto sector in flux, facing a retreat in North American auto production, a shift in consumer preference from cars to crossovers, and new competition from tech firms — a new landscape that creates considerable uncertainty for Canada’s auto sector.