GM Invests $830M in Three U.S. Propulsion Plants
General Motors announced an $830 million investment Wednesday in three U.S. propulsion plants, pushing the company's total U.S. manufacturing commitments past $6 billion within the last 12 months. The funding targets expanded production of transmissions and engine components for full-size trucks, SUVs and performance vehicles at facilities in Romulus and Saginaw, Michigan, and Toledo, Ohio.
The breakdown includes $300 million at Romulus Propulsion Systems for 10-speed transmission capacity used in full-size trucks and SUVs, marking the site's second such infusion after a similar amount last year. Toledo Propulsion Systems receives $40 million, also its second round, to support light-duty truck transmissions. Saginaw Metal Casting gets $150 million to increase output of cylinder heads for sixth-generation V8 engines bound for next-generation pickups and Corvettes.
GM manufacturing chief Mike Trevorrow, senior vice president of global manufacturing, emphasized direct communication with workers. Union representatives and plant managers announced the news on the floor at all three sites. "We were fortunate enough to have them at a couple of our plants today to help with the rollout...