General Motors will invest $75 million in its Toledo, Ohio transmission manufacturing plant, and will increase the plant’s capacity to build 10-speed automatic transmissions that are used in its full-size truck products, including the Chevrolet Silverado and GMC Sierra.
“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 vice president, North America Manufacturing and Labor Relations. “We appreciate the GM Toledo team’s commitment to build world-class products for our customers and this investment recognizes their efforts.”
Since 2009, GM has invested more than $3.3 billion in Ohio, the automaker said. Separately, GM and LG Chem formed a joint venture – Ultium Cells LLC – and together are investing more than $2.3 billion to build a new, state-of-the-art battery cell manufacturing plant in Lordstown that will create more than 1,100 new jobs. Construction of the facility is progressing on schedule.
Work will begin immediately at the Toledo plant. Today, about 1,700 team members manufacture and assemble GM’s six-speed, eight-speed, and 10-speed rear-wheel-drive and nine-speed front-wheel-drive transmissions that are used in a variety of Chevrolet, Buick, GMC and Cadillac vehicles. Hourly employees are represented by UAW Local 14.