GM (General Motors) plans to invest 332 million yuan, four factories in the three Great Lakes countries in the region to create a new, more efficient engines and gearboxes.
Expenses in plants in Toledo, Ohio, Bedford, Indiana, and Flint, Michigan Bay City, the company will build a new V-6 engine, a new motor, new 8-speed automatic transmission, GM said Thursday. The company also increased by $ 46 million in plants in Romulus, Michigan, Saginaw, previous investments to create a new V-6.
Did not work, but the GM said, save 1,650 jobs in the investment of six factories.
The investment will also help GM build six-speed automatic transmission, as sales in the U.S. auto sales continue to rise, and this year is expected to climb up to 155,000 cars and trucks, an increase of 100 million over the same period last year. March, GM sales of just over 9%.
General Motors will not give the new engine and transmission details, and also would not say what the cars and trucks will get a new power system. It also would not say when they will be provided, for fear of detonating the competitors product plans.
The company did not say the money will help launch a new family of three and four-cylinder engines, ranging from 1 liter to 1.5 liters. Currently, the smallest motor GM makes the Chevrolet Cruze and Sonic, as well as other model is a turbocharged 1.4-liter four-cylinder in the United States.
CEO Dan Exxon last summer told employees the company lags behind its competitors in the engine and gearbox, General Motors, he said, the 10 competitors of the six-speed transmission gear. More gear transmission allows the engine to do less work, and save fuel.
Thursday investment in technology should improve its competitors General Motors Company, Alvin Jones, said General Motors North America manufacturing manager. "We believe that the investment we are doing will give us a competitive advantage and positioning is very good," he told reporters.
Investment of $ 15 billion, General Motors Corp. plans to spend part of its North American plants this year. So far, the company has announced a total of $ 120 million in the U.S. announcement of a $ 250 million, Ingersoll, Canada General Motors assembly plant project.
The investment announced Thursday include:
- $ 2,150,000 in Flint, Michigan, will build a new three-and four-cylinder engines, including flint engine operation. The plant will also be upgraded V-6 engine, it is now established machinery.
- $ 55.7 million in Toledo, Ohio, Toledo transfer operations, the establishment of a new eight-speed transmission and expand the capacity to produce a six-speed transmission. The new transmission will be used in many General Motors by the end of 2016, the company said in a statement.
- $ 31.7 million to build a new V-6 engine and parts of the new small engine parts powertrain plant in Detroit, Michigan, North Bay City.
- $ 29.4 million of metal casting plant, Bedford, Indiana, the small parts of the engine and the new 8-speed and available six-speed automatic transmission.
General Motors has announced that the new Cadillac CTS luxury sports sedan, will have an eight-speed automatic transmission will be available later this year, will initially established by an external company. CTS will also get a new twin-turbo V-6 engine. The new full-size Chevrolet and GMC pickup truck late spring of this year is also expected to get an eight-speed transmission at a later date.