General Motors Co. will invest nearly $332 million in four manufacturing sites to produce more fuel-efficient engines and transmissions, demonstrating GM's commitment to deliver what customers want: technology-driven performance and fewer trips...
General Motors Co. will invest nearly $332 million in four manufacturing sites to produce more fuel-efficient engines and transmissions, demonstrating GM’s commitment to deliver what customers want: technology-driven performance and fewer trips to the pump.
The investments – announced at GM plants in Flint and Bay City, Mich.; Toledo, Ohio, and Bedford, Ind. – will support production of a new Ecotec small gas engine, a new V6 engine, 8-speed transmission, and tooling for an existing 6-speed transmission.
GM also is increasing previously announced powertrain investment in plants in Romulus and Saginaw, Mich., to $646 million – an increase of US$46 million – to support production of the new V6 engine.
Since 2009, GM has announced nearly US$1.8 billion of investments for the six Powertrain facilities.
“We are investing in technologies and manufacturing capabilities that produce high-quality, fuel-efficient vehicles and components for our customers,” said Diana Tremblay, vice-president of GM North American Manufacturing. “Today’s announcement demonstrates GM’s commitment to growing the business and strengthening the plant communities where we receive so much support.”
Combined, the two investments will retain about 1,650 jobs at the six facilities.
“The selection of these plants and the opportunity for the United Auto Workers to build the next generation of engines and transmissions reflects the great efforts of our work force,” said UAW vice-president Joe Ashton, who directs the union’s GM department. “This investment goes a long way to ensuring GM remains a marketplace leader and our members can continue to support and share in the company’s growth.”
GM’s newly announced US$331.8 million investment includes:
The additional US$46 million brings the total to $646 million for the V6 project including:
The new small Ecotec gasoline engine is part of a global engine family that could top two million engines a year by the end of the decade, based on production in Flint and other locations around the world. The new engines will offer improved fuel economy, higher quality, better performance and reduced carbon dioxide emissions.
The 8-speed automatic transmission will assist in improved fuel economy and performance. Details about the new V6 engine program will be announced later.
Since 2009, GM has announced investments of more than US$8.5 billion in its U.S. operations – US$1.2 billion so far in 2013 – creating or retaining more than 24,700 jobs.
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