General Motors will invest $75 million in its Toledo, Ohio transmission manufacturing plant.
The car manufacturer will use the investment to increase the plant’s capacity to build the 10-speed automatic transmissions currently used by the likes of 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,” GM vice president of North America Manufacturing and Labor Relations, Phil Kienle said. “We appreciate the GM Toledo team’s commitment to build world-class products for our customers and this investment recognizes their efforts.”
News of this investment comes just four months after General Motors announced a separate $39 million investment into the Toledo transmission plant to help production of its eight-speed, rear-wheel drive transmission.
GM has invested more than $3.3 billion into sites throughout Ohio and recently announced a joint venture with LG Chem to build a state-of-the-art battery cell manufacturing plant in Lordstown. This will create more than 1,100 new jobs in the local community. GM is also investing $75 million into Lordstown Motors, including the sale of its former Lordstown Assembly plant and its associated production equipment.
The 1,700-strong team at GM’s Toledo transmission plant produces and assembles the carmaker’s six-speed, eight-speed, and 10-speed rear-wheel drive gearboxes, as well as its nine-speed front-wheel drive transmission. The site first opened in 1916 and at one stage produced truck transfer cases and transmissions for four- and six-wheel drive military trucks used during World War II.