A month after announcing that it will invest $75 Million in their Toledo transmission facility, General Motors has revealed that it will make a further investment of $100 million in two other plants.
The plants in question, Romulus, Michigan, and Bedford, Indiana, will receive $93 million and $7 million, respectively. Like the Toledo investment, the cash injection to these plants is to boost production of General Motor’s 10-speed automatic transmission.
General Motors, who are also investing heavily in their EV future, says the decision has been taken to increase the availability of the trucks that use the transmission, including the Chevrolet Silverado and GMC Sierra.
Just weeks ago, demand for the Silverado and Sierra was also cited as the reason for the investment in the Toledo, Ohio plant. In 2020 General Motors also made the decision to pump in a separate $39 million to the same plant in order to increase production of its eight-speed, rear-wheel-drive transmission.
In addition to 10-speed transmissions, the Romulus facility currently builds V6 engines for Chevrolet, Buick, GMC and Cadillac vehicles. The $93 million investment will add machining capability to the plant.
Meanwhile, the Bedford, Indiana casting operation will receive $7 million aimed at increasing its die casting capacity. The plant is one of the world’s leading aluminum die casting facilities and is responsible for transmission casings and converter housings.
“Demand for our Chevrolet Silverado and GMC Sierra full-size pickups continues to be very strong,” said Phil Kienle, GM vice president, North America Manufacturing and Labor Relations. “We appreciate the commitment and hard work our teams display every day at work in Romulus and Bedford, and these investments reflect the importance of their efforts.”