GM will be investing about $332 million in four manufacturing sites for production of fuel efficient power trains and engine modules. The decision comes as GM's committed to provide the customer with fuel efficient engines that require less trips to the gas station.
Influx of funds will enable GM undertake production of new engine modules like a new V6 engine and a new Ecotec small gas engine as also transmission systems like an 8- speed and a 6-speed module. Since the year 2009, GM has announced investment of nearly $1.8 billion towards powertrain production at its facilities.
The investment will allow these facilities to make use of technologies which will aid in production of fuel efficient engine and transmission components so as to provide superior quality goods to customers. Through the program not only will GM build and manufacture fuel efficient powertrain systems but it will also be able to retain jobs of 1,650 employees thereby giving them a chance to grow and support the company as it grows.
Breakup of the $331.8 million investment includes $215 million in Flint Engine operations ( Ecotec gasoline and V6 engine), $55.7 million in Toledo Transmission Operation (8-speed and 6-Speed transmission), $31.7 million in Baycity Powertain (production of components for Ecotec and V6 engines) and $29.4 million in Bedford Castings ( produce components for small gas engine, 8-speed and existing 6-speed transmission systems).