Continuing its commitment to U.S. manufacturing, GM (IW 500/5) said yesterday that it will invest $1.3 billion in five manufacturing plants.
The investments – announced yesterday 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.
The investments combined will create or retain about 1,000 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.”
Since 2009, GM has announced investments of about $10.1 billion in its U.S. operations – $2.8 billion in 2013 alone – creating or retaining more than 26,500 jobs.
“The announcement is a win for American workers,” said UAW Vice President Joe Ashton, who directs the union’s GM Department. “ 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 U.S. This is further proof that collective bargaining works.”
The investment includes:
- $600 million in Flint Assembly for facility upgrades, including a new paint shop
- $493.4 million in Romulus Powertrain Operations, which includes $343.4 million for equipment to produce an all-new 10-speed automatic transmission and $150 million to increase capacity of a previously announced new V6 engine
- $121 million in Detroit-Hamtramck Assembly for a logistics optimization center
- $30.6 million in Toledo Transmission Operations for increased capacity for an existing 6-speed transmission and tooling for a new variant
- $29.2 million in Bedford Castings, which includes $22.6 million to produce components for the 10-speed transmission and $6.6 million to produce components for an existing 6-speed transmission