General Motors announced it would invest 906.7 million dollars at its plants in Spring Hill and Bay City to make new engines.
The biggest automaker in the United States said it would invest 788.7 million dollars for an “all-new, high-efficiency engine” project, as well as for a retooling programme at its Spring Hill Manufacturing Plant in Tennessee, thus creating 792 and retaining 16 jobs. This follows another Spring Hill-related investment announcement from February, when General Motors committed to spend 148 million dollars to build the small block 6.2L V8 engine for trucks and SUVs. The automaker also said it would invest 118 million dollars at its Bay City Powertrain Plant, where it builds engine components, an investment that will create 29 jobs and retain 67 jobs. Construction is set to start in May and will last several years, the company said. The investments are part of the contract commitments ratified last fall between GM and UAW, to invest 8.3 billion dollars over the next four years at its new plants.
This week, the other two big Detroit-based automakers made similar announcements. Ford will spend 1.4 billion dollars for the Livonia Transmission Plant and 200 million dollars for the Ohio Assembly Plant, to build a new 10-speed transmission and Super Duty pickups, while Fiat-Chrysler said it would invest 74.7 million dollars in its Trenton Engine Complex in Michigan to retool the north plant to produce form the third quarter of 2017 a next four-cylinder engine.