GM to Invest $65m in New York and Tennessee Plants
The investments will create or retain 163 jobs at both the plants, and are part of $2 billion in US manufacturing investment that GM revealed in May 2011, which will create or retain 4,000 jobs in 17 facilities in eight states.
GM will invest $33m in Tonawanda, New York plant to add engines that will be used in the Chevrolet Equinox and GMC Terrain crossovers, which achieved 32 mpg on the highway and can travel up to 600 miles between fill-ups. The investment will add 100 new jobs.
GM will also invest $32m in Spring Hill, Tennessee plant that will create or retain 63 positions, to add the capacity for direct-injection four-cylinder engines to support the acceleration of the 2013 Chevrolet Malibu.
The 2013 Chevrolet Malibu production will start in early 2012 with GMâ€™s 2.4L Ecotec and eAssist technology. It will be debuted with the new 2.5L Ecotec engine summer 2012. It will be assembled at the Fairfax Assembly plant in Kansas City, and Detroit-Hamtramck plant in the US, and other plants around the world.
Cathy Clegg, vice president of labor relations, said: â€œGM is committed to investing in manufacturing and jobs in the U.S. These investments in powertrain manufacturing technology will help us meet the growing needs of our customers for high quality, fuel efficient vehicles - both today and in the future.â€
In addition, the aluminum castings for the lightweight Ecotec 2.4L engine will be used from the Saginaw Metal Casting Operations. The aluminum castings will be used in fuel-efficient vehicles like the Opel Antara and Chevrolet Captiva in Asia. The work will create or retain 53 jobs.
With its global headquarters in Detroit, GM employs 202,000 people in every major region of the world and does business in more than 120 countries. GM and its strategic partners produce cars and trucks in 30 countries.
Will the investment commercially benefit GM?
Have your say and discuss with your peers on the InfoGrok community.
Participate by posting your comments now.