Sunday, 23 October 2011

General Motors to Invest $325M in its Michigan's transmission plant



General Motors said Friday that it will invest $325 million in its Warren, Mich., transmission factory, which the automaker said would create or save 418 jobs.The plant will get equipment to build transmission parts for future electric vehicles, the company said in a statement.

“While we aren’t sharing many details about this product, I can tell you that this investment demonstrates how GM, working with our UAW partners, continues to innovate and bring new electrification solutions to our customers,” said GM Manufacturing Manager Gerald Johnson Friday morning at the Metro Detroit plant.

Under GM's new four-year contract with the union, the company promised to create or retain 6,400 jobs and invest $2.5 billion in plants nationwide.Butch Barber, who has worked at the Warren plant for 45 years, said he has been waiting for an announcement like today's for a long time.

The 2.1 million square-foot plant, equivalent to the area of 15 city blocks, produced more than 338,000 transmissions in 2010.“GM is indeed back and these investments prove it,” said Warren Mayor Jim Fouts, who was joined by many other public officials at the plant Friday morning.

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