GM Invests Nearly USD 1.3 Billion for Five U.S. Plant Upgrades
OREANDA-NEWS. General Motors will invest nearly USD 1.3 billion in five manufacturing sites in Michigan, Ohio and Indiana to produce new fuel-efficient engines and transmissions, enhance vehicle quality and streamline logistics. The investments combined will create or retain about 1,000 jobs.
The investments – announced today at GM plants in Detroit, Flint and Romulus, Mich.; Toledo, Ohio and Bedford, Ind. – will support production of a new V6 engine, new 10-speed transmission and an existing 6-speed transmission. They will also fund assembly plant upgrades, including a new paint shop and logistics optimization center.
Since 2009, GM has announced investments of about USD 10.1 billion in its U.S. operations – USD 2.8 billion in 2013 alone – creating or retaining more than 26,500 jobs.
“GM is committed to a strong American manufacturing base and creating jobs in dozens of communities throughout the country. Today’s announced plant upgrades continue the momentum of a resurgent auto industry,” said GM Executive Vice President and North America President Mark Reuss. “More importantly, these investments add up to higher quality and more fuel-efficient vehicles for our customers.”
Said UAW Vice President Joe Ashton, who directs the union’s GM Department:
“Today’s announcement is a win for American workers. The UAW is proud to be a part of this successful collaboration with GM that has helped rebuild the nation’s economy, created good paying, union jobs in communities across the country, and brought manufacturing that was moved overseas back to the U.S. This is further proof that collective bargaining works.”
GM’s nearly USD 1.3 billion investment includes:
USD 600 million in Flint Assembly for facility upgrades, including a new paint shop
USD 493.4 million in Romulus Powertrain Operations, which includes USD 343.4 million for equipment to produce an all-new 10-speed automatic transmission and USD 150 million to increase capacity of a previously announced new V6 engine
USD 121 million in Detroit-Hamtramck Assembly for a logistics optimization center
USD 30.6 million in Toledo Transmission Operations for increased capacity for an existing 6-speed transmission and tooling for a new variant
USD 29.2 million in Bedford Castings, which includes USD 22.6 million to produce components for the 10-speed transmission and USD 6.6 million to produce components for an existing 6-speed transmission
The 10-speed automatic transmission will contribute to improved fuel economy and performance. Details about this program and the new V6 engine will be announced later.
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