Trade Resources Company News GM Plans to Invest $1.3bn in Five Manufacturing Sites

GM Plans to Invest $1.3bn in Five Manufacturing Sites

American vehicle manufacturer General Motors (GM) has announced plans to invest $1.3bn in five manufacturing sites in Michigan, Ohio and Indiana.

The five GM plants include Detroit, Flint and Romulus, Michigan; Toledo, Ohio and Bedford, Indiana.

This investment will be used to produce new fuel-efficient engines and transmissions, enhance vehicle quality and streamline logistics.

It will support the production of a new V6 engine, new 10-speed transmission and an existing 6-speed transmission and for assembly plant upgrades, including a new paint shop and logistics optimization center.

Of the total amount, $600m will be used for Flint Assembly plant upgrades, including a new paint shop; $493.4m for Romulus Powertrain Operations, which includes $343.4m for equipment to produce an all-new 10-speed automatic transmission and $150m to increase capacity of a previously announced new V6 engine.

Detroit-Hamtramck assembly will house a logistics optimization center with $121m; Toledo Transmission Operations will see $30.6m investment, which will increase capacity for an existing 6-speed transmission and tooling for a new variant.

Other upgrades include $29.2m in Bedford Castings, which includes $22.6m to produce components for the 10-speed transmission and $6.6m to produce components for an existing 6-speed transmission.

The company expects that this latest investment will create or retain about 1,000 jobs.

Source: http://greenvehicles.automotive-business-review.com/news/general-motors-to-invest-13bn-to-upgrade-five-assembly-plants-in-us-171213-4147038
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General Motors to Invest $1.3bn to Upgrade Five Assembly Plants in US
Topics: Auto Parts