General Motors Co. (GM) said it will invest about $332 million in four manufacturing sites to produce more fuel-efficient engines and transmissions.
The company will make investment at its plants in Flint and Bay City, Mich., Toledo, Ohio, and Bedford, Ind.
The investments will support production of a new Ecotec small gas engine, a new V6 engine, 8-speed transmission, and tooling for an existing 6-speed transmission.
Additionally, GM will increase powertrain investment by $46 million to $646 million in plants in Romulus and Saginaw, Mich., to support production of the new V6 engine.
GM will invest $215 million in Flint Engine Operations for a new small Ecotec gasoline engine, which is part of a new family of engines that includes 3- and 4-cylinder variants with displacements ranging from 1.0 to 1.5 liters. Details of what variants the plant will build will be announced later. The plant will also upgrade tooling for its current V6 engine.
The company will invest $55.7 million in Toledo Transmission Operations for increased capacity and tooling to produce an all-new, advanced 8-speed automatic transmission and an existing 6-speed transmission. The Toledo-based 8-speed will be used in numerous GM vehicles by the end of 2016.
GM is investing $31.7 million in Bay City Powertrain including $19.2 million to produce components for a new V6 engine and $12.5 million to produce components for the small Ecotec gasoline engine.
In addition, GM will invest $29.4 million in Bedford Castings including $19 million to produce components for the small gas engine and $10.4 million to produce components for the new 8-speed and existing 6-speed transmissions.
