GM to invest $75 million in Toledo transmission plant

GM to invest $75 million in Toledo transmission plant

Basic Motors plans to speculate $75 million to ramp up capability at its Toledo transmission plant to construct 10-speed automated transmissions, the automaker stated Thursday.

The 10-speed transmissions are utilized in GM’s full-size vans, together with the Chevrolet Silverado and GMC Sierra pickups.

“Gross sales of the Silverado and Sierra have been very robust, and we’ve got a must construct stock,” stated Dan Flores, a GM spokesman.

Work on the plant will begin instantly, GM stated. The automaker additionally invested within the Toledo plant in September, spending $39 million to improve manufacturing of eight-speed rear-wheel-drive transmissions. The automaker says it has invested greater than $3.Three billion in Ohio since 2009.

“By way of this funding, we proceed to take steps to strengthen our present core enterprise and construct on our vital manufacturing presence in Ohio,” Phil Kienle, vice chairman of North America manufacturing and labor relations, stated in a statement. “We respect the GM Toledo group’s dedication to construct world-class merchandise for our clients and this funding acknowledges their efforts.”

About 1,700 folks work at Toledo Transmission Operations, based on GM. The automaker employs greater than 3,800 in Ohio.

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