July 29, 2014
6:51 pm
Chevrolet Silverado 2500 HD LTZ Crew Cab Pickup

GM: 5 Factories get $1.3-billion Investment

Today's major announcement from General Motors is big news for five GM factories in three states and could very well result in additional business for tool & die shops and machine tool craftsmen in Berrien County.

Governor Rick Snyder applauded the new $1.3-billion dollar investment plans particularly in light of the fact that far and away the majority of those investment dollars will be made in Michigan.  The Governor joined GM's North American President Mark Reuss in Flint for the noon-time announcement.  Snyder found it especially gratifying that $1.2-billion of the $1.3-billion dollar investment will go into manufacturing plants "right here in Michigan."

GM's announcement revealed that the investments will be made in the Flint truck assembly plant, an engine plant in Romulus, near Detroit, a transmission factory in Toledo, Ohio and a casting plant in Bedford, Indiana.  Plans show most of that investment will take place over the next two years.

According to the fine print $600-million will provide for a new paint shop and additional upgrades at the Flint assembly division where the Chevrolet Silverado (as shown in the GM corporate photo above) and the GMC Sierra pick ups are both manufactured.

Nearly half-a-billion ($493-million) will be invested in GM's engine plant at Romulus, paving the way for both a new V-6 engine and 10-speed automatic transmissions.  

Indiana's plant picks up $29.2-million to craft parts for the new transmissions, while Toledo gets $31-million for additional output of 6-speed automatic transmissions.

The remaining $121-million is slated for creation of a new manufacturing logistics center at the GM factory at Detroit-Hamtramck. 

There was no definitive figure released today regarding how many jobs might be created by these huge new investments.  The only job reference in the announcement was that the company will create or keep 1,000 positions.  
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