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Mon December 16, 2013
GM to invest $1.27 billion into plants in Michigan, Ohio, and Indiana
GM made the announcement today and said the investments in the manufacturing plants "will create or retain about 1,000 jobs."
The investments will be made in these five plants:
- Flint Assembly
- Romulus Powertrain Operations
- Detroit-Hamtramck Assembly
- Toledo Transmission Operations
- Bedford Castings in Indiana
GM says the investments "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."
More details from GM's press release:
- $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