GM invests $ 71 million in production in OhioOctober 2, 2020
General Motors has announced its plan to invest $ 71 million in two of its Ohio power plants and engine components.
Of this, $ 39 million will go to GM’s Toledo plant to “modernize and increase production of GM’s 8-speed rear-wheel drive transmission.” The remaining $ 32 million will be used to prepare the Defiance plant for casting components for future engines. The work will begin in two locations at once, and the investment will allow GM to “retain 240 well-paid manufacturing jobs in the United States.”
“With this investment, GM continues to strengthen its significant manufacturing presence in Ohio. Our Toledo and Defiance teams remain focused on creating world-class products for our customers, an investment in their future, ” – said Phil Keenle, GM’s vice president of manufacturing and industrial relations for North America.
Since 2009, General Motors has invested over $ 3.3 billion in Ohio. In addition, GM and LG Chem have formed the Ultium Cells LLC joint venture and are jointly investing more than $ 2.3 billion to build a new battery cell plant in Lordstown, which will create more than 1,100 new jobs. The new facility currently under construction will play a critical role in GM’s quest for an all-electric future.
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