GM To Invest $900 Million in Facilities; Including Bedford Plant

GM To Invest $900 Million in Facilities; Including Bedford Plant

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General Motors Wednesday announced initiatives to strengthen and align its production output at key U.S. manufacturing operations.

The plans include investing more than $900 million in three facilities – Toledo Transmission Operations in Ohio, Lansing Grand River in Michigan and Bedford Casting Operations in Indiana – to prepare the facilities for future product programs.

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The company will invest $37 million to support future product programs in Bedford, retaining 45 jobs.

Project Details Details about program timing and applications will be released at a later date.

Including Wednesday’s announcement, GM has invested more than $336 million into the Bedford plant since 2010.

“This investment in the future recognizes the excellent workforce at Bedford Casting Operations,” says Bedford Casting Operations Plant Manager Gareth Jolly. “It also demonstrates GM’s collaboration with our UAW and IBEW partners, which reflects how we continue to innovate and bring new powertrain solutions to our customers.”

The Bedford Powertrain currently employees 870, of those 689 are hourly and 181 salaried. The Bedford plant products include transmission casings, converter housings, heads, and small gas engine blocks.

GM also announced plans to align production output with demand for cars built at the Lordstown, Ohio, and Lansing Grand River, Michigan, assembly plants.

As the customer shift from cars to crossovers and trucks is projected to continue, GM will suspend the third shift of production at both facilities in the first quarter of 2017.

General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 31 countries, and the company has leadership positions in the world’s largest and fastest-growing automotive markets. GM, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.