MISSISSAUGA, ON (NOV 19, 2009) -- GE Canada announced today that its Motors business is planning to invest up to $100 million over five years to improve the design, production and process capabilities at its Peterborough Ontario based motor production facility.
Building on a Memorandum of Understanding (MOU) signed by Ontario and GE in September 2009, Ontario is investing $15 million over 5 years from the Next Generation of Jobs Fund to support GE's investment to strengthen its Peterborough facility position as a global centre of excellence.