General Motors invests $ 100 million in factories in Michigan and IndianaFebruary 13, 2021
A month after announcing that General Motors will invest $ 75 million in its Toledo transmission plant, the company announced that it would make an additional $ 100 million investment in two other plants.
Romulus in Michigan and Bedford in Indiana will receive $ 93 million and $ 7 million, respectively. As with the investment in Toledo, the cash injections in these businesses should increase production of General Motor’s 10-speed automatic transmission. In addition, the company, which is also investing heavily in the future of electric vehicles, has decided to increase the availability of such powertrain pickups, including the Chevrolet Silverado and GMC Sierra.
Just a few weeks ago, demand for the Silverado and Sierra was also cited as the reason for the investment in the Toledo, Ohio plant. In 2020, General Motors also made the decision to allocate $ 39 million to the same plant to increase production of its 8-speed rear-wheel drive transmission. In addition to 10-speed transmissions, the Romulus facility produces V6 engines for Chevrolet, Buick, GMC and Cadillac vehicles. The $ 93 million investment will increase the plant’s production capacity.
Meanwhile, the foundry in Bedford, Indiana will receive $ 7 million to increase injection molding capacity. The plant is one of the world’s leading aluminum die casting enterprises and is responsible for transmission housings and converter housings.
“The demand for our full-size Chevrolet Silverado and GMC Sierra pickups is still very strong,” said Phil Keenle, GM vice president of manufacturing and labor relations for North America. “We appreciate the commitment and hard work that our teams demonstrate every day at work in Romulus and Bedford, and this investment reflects the importance of their efforts.”
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