General Motors powertrain plants in Ohio and Indiana that make transmissions for Buick and Chevrolet models with eAssist fuel-saving technology, will receive the bulk of a US$129m investment the US automaker announced yesterday (12 July).
The money is part of US$2bn billion being invested in 17 facilities in eight states during the next 18 months and will create or retain 4,000 jobs.
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For plants in Toledo, Ohio, and Bedford, Indiana, it is a second tranche of investment since May, bringing the total at both plants to US$287m and US$81m respectively.
“GM is moving quickly to get more fuel-efficient technologies into our vehicles to benefit the consumer and these investments are an example of the speed with which we are responding,” said GM VP labour relations Cathy Clegg.
Toledo, which earlier was targeted for a US$204m investment, will receive an additional US$83m for enhancements to a six-speed transmission already produced in the plant that will be used in the Buick Lacrosse starting this autumn and the 2013 Chevrolet Malibu beginning early next year. The new money will support the addition or retention of 30 jobs at the plant that employs around 1,600 staff.
Bedford, which earlier was named for a US$49m investment, is receiving US$32m for enhancements to the die-cast case and torque converter on the six-speed transmission assembled in Toledo. Bedford’s employment of 405 is unchanged by the new investment.
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By GlobalDataSeparately, an investment of US$15m-US$20m is planned that will retain 60 jobs at the GM Components Holding plant in Wyoming, Michigan. The investment will support powertrain projects.
