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Tuesday, November 1, 2011

GM Invests $325 Million Into Retooling Plant for Electric

GM is going to put $325 million back into their Warren transmission plant, an effort to retool the plant into making electric parts.  This will create or save 418 jobs at the plant, which currently builds transmissions for large crossovers like the Enclave, Acadia and Traverse, as well as the Malibu sedan.

“This investment in the future recognizes the excellent work force and operation of this plant,” said GM Manufacturing Manager Gerald Johnson. “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.”

The move is part of the current contract with the UAW, which states they will invest in the plant.  It's possible the parts being built will be for a mild hybrid system (start-stop) set for the Malibu next year.

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