General Motors said it would spend US$75m at its Toledo, Ohio transmission manufacturing plant to increase capacity to build 10-speed automatic transmissions for full size trucks including the Chevrolet Silverado and GMC Sierra. Work has started.
"Through this investment, we continue to take steps to strengthen our current core business and build on our significant manufacturing presence in Ohio," said Phil Kienle, GM's VP of North America manufacturing and labour relations.
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Since 2009, GM has spent $3.3 billion in Ohio.
In 2019, it paid $450m in taxable wages to employees there and currently has 3,800 employees in the state.
GM has worked closely with Lordstown Motors since May 2019 to support the launch of its Endurance pickup. The acquisition of Lordstown Motors by DiamondPeak Holdings is expected to close during the fourth quarter and the company will be listed on the Nasdaq. GM is investing $75m in the company, which includes the sale of the former Lordstown Assembly plant and production equipment.
Toledo Transmission Operations opened in 1916.
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By GlobalDataToday, about 1,700 workers manufacture and assemble six-, eight- and 10-speed rear wheel drive and nine speed front wheel drive transmissions that are used in a variety of Chevrolet, Buick, GMC and Cadillac vehicles.
