Thursday, June 4, 2009

GM CANADA NOT BANKRUPT??

There has been a lot of media attention on General Motors, both in Canada and the U.S. over the past several months and I would like to take a minute to update you on what is happening. Here are the facts.

On June 1st, The Governments of Canada and Ontario approved GM Canada’s comprehensive plan, enabling GM Canada to complete its restructuring without the need for court supervision. At the same time, General Motors Corporation announced it will complete its reinvention through a court-supervised process in the U.S. It is expected that the New GM will emerge quickly from this process.

Let me assure you that we do not expect GM Canada’s operations to be impacted by the U.S. court filing. Customer service, manufacturing, and supply chain will continue with minimal disruption. Edwards Garage Ltd. remains open for business and GM customers can confidently continue to purchase and service their vehicles and take full advantage of GM’s leading warranty coverage.

I would like to thank my customers, employees and the entire community for your support during this unprecedented time. I hope you are excited as I am about the future of a new GM Canada.


Brent Kennedy
President
Edwards Garage Ltd.