GM Invests $49m in Bedford Powertrain Plant
Currently, the Bedford plant has 405 hourly and salaried employees, and the investment will create or retain 91 jobs in the plant.
Opened in 1942, the Bedford plant uses an aluminum die cast process to manufacture transmission casings and converter housings for the new fuel efficient six speed transmissions, and the investment is made to manufacture machinery, equipment and special tooling at this plant.
The current investment of $49m is a part of $2 billion investment that GM has planned to invest in 17 facilities of eight states the US in May 2011. The facilities in Bowling Green, Kentucky; Arlington, Texas; Toledo, Ohio; and Bay City, Detroit, Flint, Lansing and Warren, Michigan has also received investments that positively affected employment.
Arvin Jones, manufacturing manager at GM, said: â€œThe all-new 8-speed transmission will improve fuel economy in a number of future vehicles. And, the new gasoline engine, which will be offered in displacements from 1 liter to 1.5 liters, is key to fuel economy leadership in the small four-cylinder engine segment.
â€œWe appreciate the tremendous support we have received from the Bedford community over the years. This investment is possible because of the teamwork between GM, the UAW, the IBEW, the Bedford community and the great State of Indiana.â€
In May 2011, GM has invested $109m in its operations in Flint and Bay City, Michigan, to support engine production for current and future fuel-efficient small cars produced for the US market. The investment will protect or add 96 jobs at the two sites.
With its headquarters in Detroit, GM and its strategic partners produce cars and trucks in 30 countries. Its OnStar subsidiary provides vehicle safety, security and information services.
Will the move commercially benefit the firm?
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