December 17, 2013

General Motors invests nearly US$ 1.3-billion for five US plant upgrades

General Motors will invest nearly US$ 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

The investments - announced 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 US$ 10.1-billion in its US operations - US$ 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."

UAW Vice-President Joe Ashton, who directs the union's GM Department, added, "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 US. This is further proof that collective bargaining works."

GM's nearly US$1.3-billion investment includes:

> US$ 600-million in Flint Assembly for facility upgrades, including a new paint shop

> US$ 493.4-million in Romulus Powertrain Operations, which includes US$ 343.4-million for equipment to produce an all-new 10-speed automatic transmission and US$ 150-million to increase capacity of a previously announced new V6 engine

> US$ 121-million in Detroit-Hamtramck Assembly for a logistics optimization center

> US$ 30.6-million in Toledo Transmission Operations for increased capacity for an existing 6-speed transmission and tooling for a new variant

> US$ 29.2-million in Bedford Castings, which includes US$ 22.6-million to produce components for the 10-speed transmission and US$ 6.6-million to produce components for an existing 6-speed transmission


Post a Comment

Related Posts Plugin...

back to top