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GM to spend $75m at Toledo transmission plant

General Motors said it would spend US$75m at its Toledo, Ohio transmission manufacturing plant to increase capacity to build 10-speed automatic transmissions for full size trucks including the Chevrolet Silverado and GMC Sierra. Work has started.
Through 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 s VP of North America manufacturing and labour relations.
Since 2009, GM has spent $3.3 billion in Ohio.
In 2019, it paid $450m in taxable wages to employees there and currently has 3,800 employees in the state.
GM has worked closely with Lordstown Motors since May 2019 to support the launch of its Endurance pickup. The acquisition of Lordstown Motors by DiamondPeak Holdings is expected to close during the fourth quarter and the company will be listed on the Nasdaq. GM is investing $75m in the company, which includes the sale of the former Lordstown A ....

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GM invests $75M in Toledo Transmission to increase production

Updated: 3:43 PM EST February 4, 2021
TOLEDO, Ohio Leaders with GM announced Thursday plans to invest $75 million in the Toledo Transmission plant to increase production capacity of 10-speed transmissions for full-size trucks, namely for the Chevrolet Silverado and GMC Sierra.
Work will begin immediately at the Toledo plant, a corporate news release said.
According to a joint message from Toledo plant Executive Director Eric Gonzalez and UAW Local 14 shop Chairman Jeff King, over the last four months, the auto company has announced investments totaling $114 million.
The post read, in part:
These decisions not only reflect confidence in the TTO (Toledo Transmissions Operations) team, but also showcases the sense of ownership and pride our employees have in the transmissions we build in Toledo. ....

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