General Motors Invests $550M to Boost Gas-Powered Production in America
What do drivers want? More has powertrains! When do they want them? Yesterday. Luckily, General Motors has been listening to demands. That’s why it’s investing $500 million into boosting gas-powered car production.
General Motors pumps $550 million into gas-car production
There’s exciting news for two factories that build gas-powered cars for General Motors. They’re about to get a glow up thanks to the automaker’s decision to invest $550 million for the purpose of boosting production of popular models with gas powertrains.
The Parma Metal Center in Ohio gets $250 million, while the Romulus Propulsion Systems plant in Michigan. According to General Motors, the Parma Metal Center produces over 100 million parts annually.
For example, it builds the 10-speed automatic transmission used in popular models such as the Chevrolet Tahoe and GMC Sierra.
It also stamps 400 tons of steel each day, providing parts for the brand’s most popular trucks, SUVs, and cars. Plus, this is part of a larger $5.5 billion investment into increasing its domestic manufacturing and meeting customer demand.
By leveraging its flexible manufacturing footprint, the automaker will remain competitive while delivering high-quality vehicles.
Plus, the GM is investing in its people by prioritizing workforce development. It ensures team members have the necessary skills to work in a fast-paced manufacturing environment. Technicians will work alongside advanced technology and equipment.
Workers are provided with beneficial learning opportunities. There are investments in STEM/STEAM education and apprenticeships to provide opportunities for future career seekers.
Of course, electric vehicle production is being reduced as demand slows. However, EV models are still being developed and improved to meet customer needs.