General Motors will invest $ 75 million in its Toledo, Ohio transmission plant.
The automaker will use the investment to increase the plant’s capacity to build the 10-speed automatic transmissions currently used by Chevrolet Silverado and GMC Sierra.
“With this investment, we continue to take steps to strengthen our current core business and build on our significant manufacturing presence in Ohio,” said Phil Kienle, GM vice president of manufacturing and labor relations for North America. “We appreciate the GM Toledo team’s dedication to developing world-class products for our customers, and this investment recognizes their efforts.”
Also read: GM is investing $ 71 million in Toledo and Defiance Plants, Ohio
News of this investment came just four months later General Motors announced a separate $ 39 million investment in the Toledo transmission plant to support production of its eight-speed rear-wheel drive transmission.
GM invested more than $ 3.3 billion in facilities across Ohio and recently announced one Joint venture with LG Chem Construction of a state-of-the-art battery cell production facility in Lordstown. This will create more than 1,100 new jobs in the local community. GM is also investing $ 75 million in Lordstown Motors, including the sale of its former Lordstown Assembly plant and related production equipment.
The 1,700-strong team at GM’s transmission plant in Toledo produces and assembles the six-speed, eight-speed and ten-speed transmissions of the automaker with rear-wheel drive and the nine-speed transmission with front-wheel drive. The site first opened in 1916, and at one point it produced truck transfer cases and transmissions for all- and six-wheel drive military trucks that were used during World War II.