• Sign in to follow this  
    Followers 0

    General Motors Announces Two Plant Investments


    • A total of $906.7 million going to two of GM's Plants


    General Motors has announced new investments for two of their plants today.

     

    The Spring Hill manufacturing complex in Tennesse will see the largest of these two investments. A total of $788.7 million will go towards a new high-efficiency engine program and modernizing vehicle production. The investment will bring forth 792 new jobs and retaining 16. The Detroit News reports that GM is keeping quiet on what on the new engine program.

     

    “This investment will help GM and our workforce continue to put the customer at the center of everything we do, providing them with powertrain solutions to meet their changing needs. Today’s announcement reinforces our absolute faith in this facility, and our strong commitment to this community and the state of Tennessee,” said Arvin Jones, GM North America manufacturing manager in a statement.

     

    GM will also invest $118 million into the Bay City Powertrain plant in Michigan, creating 29 jobs and retaining 67. The investment will be used to support the new engine program in Spring Hill.

     

    Source: The Detroit News, General Motors

     

    Press Release is on Page 2



    GM Invests Additional $788.7 Million in Spring Hill Manufacturing

    • Brings total announced investments in Tennessee to $936.7 million in 2016 Bay City Powertrain operation to get $118 million to support engine project

     


    SPRING HILL, Tenn. — General Motors will invest $788.7 million for an all-new, high-efficiency engine program, as well as projects to modernize the vehicle programs at its Spring Hill Manufacturing Plant, creating 792 and retaining 16 jobs. At the same time, GM announced a $118 million investment at its Bay City Powertrain facility, creating 29 and retaining 67 jobs.

     

    Since 2010, GM has announced investments of more than $2 billion for the Spring Hill operations. This includes a $148-million investment announced in February to repurpose flexible machining and assembly equipment to build V8 engines.

     

    “This investment will help GM and our workforce continue to put the customer at the center of everything we do, providing them with powertrain solutions to meet their changing needs,” said Arvin Jones, GM North America manufacturing manager. “Today’s announcement reinforces our absolute faith in this facility, and our strong commitment to this community and the state of Tennessee.”

     

    According to Cindy Estrada, vice president and director of the UAW General Motors Department, this investment helps secure a bright future for its workforce.

     

    “UAW members at Spring Hill and Bay City have well-earned reputations for quality work and craftsmanship,” said Estrada. “Since the 2015 collective bargaining agreement, GM has invested more than $1.7 billion and UAW-GM members, their families and their communities will all benefit for years to come.”

     

    Construction will begin in May and will last several years.

     

    “Spring Hill and its employees have earned a reputation for producing award-winning engines,” said UAW Local 1853 Chairman Mike Herron. “GM recognizes this and we’re thankful they are investing further in the future of this facility and this community.”

     

    Numerous local, state and federal officials attended the announcement to show their support of the investment in capital and employment, including Tennessee Gov. Bill Haslam.

     

    “We want to congratulate and thank GM on another substantial investment in Spring Hill and its workforce,” Haslam said. “Tennessee is number one in the Southeast for job growth over the last year, and we continue to attract investment from companies that can choose to do business anywhere in the world. It is exciting for our entire state to see long-time partners like GM continue to invest in Tennessee and create high quality jobs here.”

     

    The Tennessee Valley Authority worked with government and company representatives in helping secure this investment announcement.

     

    ”TVA understands the importance of reliable, affordable electricity to General Motors and the entire automotive industry. We are proud to be a partner in this announcement, which will lead to more jobs and investment in the region’s economy,” TVA President and CEO Bill Johnson said.

     

    Spring Hill Manufacturing opened in 1990 and produced Saturn vehicles until March 2007. It produced the Chevrolet Traverse from September 2008 until November 2009, and the Chevrolet Equinox from September 2012 until October 2015. Currently, the site operations consist of a flexible vehicle assembly plant producing the Cadillac XT5 and the GMC Acadia, an engine plant making 4-cylinder engines, a stamping plant, a body shop, a paint shop and two polymer injection molding operations. Engines and stampings are supplied to various GM assembly plants globally. The complex will begin building small block V8 engines by the end of 2016.

     

    Bay City Powertrain produces engine components that are used in Chevrolet, Buick, GMC and Cadillac vehicles. The plant opened in 1892 as National Cycle Manufacturing Company and produced a new bicycle to replace old high-wheeled types. In 1916, William Durant and Louis Chevrolet bought the plant and the plant was added to the General Motors portfolio in 1918. With this investment, GM has invested or will invest $249.4 million in Bay City Powertrain since 2010.

    0


    Sign in to follow this  
    Followers 0


    User Feedback


    I am hoping this allows GM to finally scale out the VOLT powertrain for use in far more auto's. The VOLT powertrain should be in everything especially in trucks and SUVs. This would greatly bump up GM MPG average and greatly reduce the green house gas production.

    0

    Share this comment


    Link to comment
    Share on other sites


    Your content will need to be approved by a moderator

    Guest
    You are commenting as a guest. If you have an account, please sign in.
    Add a comment...

    ×   You have pasted content with formatting.   Remove formatting

      Only 75 emoticons maximum are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor




  • Popular Stories

  • Similar Content

    • By dfelt
      G. David Felt
      Staff Writer Alternative Energy - www.CheersandGears.com
       
      200 MPH plus EV, Do we care?
       
      Yesterday April 13th 2017, Lucid sent out an email about how their near production test car hit a top speed of 217 mph at the Ohio's Transportation Center banked oval test track. Many of us that follow the industry know that Tesla limits their auto's to 155 mph.  Lucid is on record that they intend to meet the needs of the high-speed cruising market of Europe and Middle east. Simulations can only go so far on a computer and then you have to put rubber to the road. This allows the engineers to monitor and tweak everything from the power train, suspension, body fluidity and so much more. This will allow them to review the data, make adjustments and come back later to push the limit even higher.
      We know that Lucid is planning on a $60,000 dollar 400hp, 240 mile range RWD EV with the top model being a six figure AWD 1,000 HP and 400 miles of range on a super dense battery pack.
      This begs the Question, other than the few places you can push this kind of Speed, Does it matter any more if an auto can go over 100 plus mph?
      This question comes from seeing so many auto's that are now breaking that 6 second 0-60 speed showing they have the torque and hp to maintain the speed needed for daily driving.
      Lucid News 
    • By William Maley
      There are still a lot of unanswered questions concerning the sale of Opel/Vauxhall to PSA Groupe. A fair number deals with Buick as a number of their products (including the new Regal) are intertwined with Opel. GM executives say this will not affect Buick's lineup down the road.
      “The sale of Opel will have no impact on the fresh new lineup Buick is building out,” said Duncan Aldred, GM’s vice president of global Buick and GMC during the launch of the 2018 Regal this week.
      “This is very much part of our portfolio plan,” said Mark Reuss, GM’s executive vice president of global product development, purchasing, and supply chain to Car and Driver. “As we said, Opel and the engineering/production piece of this is very much intact for all of our global platforms. So, you know, no impact.”
      While the deal isn't fully finished yet, Reuss claimed that issues relating to products would be settled before the final transfer takes place. Reuss said he didn't know "of a specific agreement" when asked about if GM would pay PSA Group for engineering work done by Opel. 
      In related news, Automotive News Europe reports that Opel would continue to build Buick vehicles beyond 2019 in its German factories. 
      Source: Automotive News Europe (Subscription Required), Car and Driver

      View full article
    • By William Maley
      There are still a lot of unanswered questions concerning the sale of Opel/Vauxhall to PSA Groupe. A fair number deals with Buick as a number of their products (including the new Regal) are intertwined with Opel. GM executives say this will not affect Buick's lineup down the road.
      “The sale of Opel will have no impact on the fresh new lineup Buick is building out,” said Duncan Aldred, GM’s vice president of global Buick and GMC during the launch of the 2018 Regal this week.
      “This is very much part of our portfolio plan,” said Mark Reuss, GM’s executive vice president of global product development, purchasing, and supply chain to Car and Driver. “As we said, Opel and the engineering/production piece of this is very much intact for all of our global platforms. So, you know, no impact.”
      While the deal isn't fully finished yet, Reuss claimed that issues relating to products would be settled before the final transfer takes place. Reuss said he didn't know "of a specific agreement" when asked about if GM would pay PSA Group for engineering work done by Opel. 
      In related news, Automotive News Europe reports that Opel would continue to build Buick vehicles beyond 2019 in its German factories. 
      Source: Automotive News Europe (Subscription Required), Car and Driver
    • By William Maley
      Last week saw the PSA Group (parent company of Citroen and Peugeot) purchasing Opel and Vauxhall from General Motors for $2.3 billion. This move would make the PSA Group the second-largest automaker in Europe. We already know some of the plans that PSA Group has for their new brands such as setting operating profit targets of 2 percent in 2020 (jumps to 6 percent by 2026) and the next-generation Opel/Vauxhall Corsa being the first new product developed with PSA. But as we alluded to in the original news story, there are a lot of questions that remain unanswered such as possible job cuts or what happens to Buick and Holden as they share products with Opel. I have been doing a bit of thinking on these and some other questions. The end result is this piece.
      1: Will there be job cuts and plant closures?
      In 2016, PSA Group employed 172,000 people worldwide. With the acquisition of Opel and Vauxhall, they will be adding close to 42,000 workers (the majority of those from Opel). The number of plants will also increase to 28 due to this purchase. Sooner or later, PSA Group is going have to make cuts. During the press conference announcing the deal, PSA Group CEO Carlos Tavares said the company “would honor existing labor agreements and closing plants is a “simplistic” solution.” That may be true for now, but this might change within the coming years. Some analysts believe PSA Group will close two to three plants within five years.
      The most likely place where the closures and layoffs could take place is in Great Britain. The reason as we talked about in a story back in February deals with the decision made by British citizens last year with leaving the European Union.
      “By leaving, the country would lose access to the EU Single Market which guarantees unconstrained trade across the member states. It would mean various countries would be leveraging tariffs on British-made goods, making production in the country less competitive.”
      Former British member of parliament and business secretary Sir Vincent Cable outlined how bad this decision looks for Vauxhall in a recent interview on BBC Radio 4.
      There could be a way that the British Government could at least stall the possible closures. Back in October, the British Government worked out a secret deal with Nissan to keep them investing in British car production at their plant in Sunderland. This deal caused an uproar as the details were kept as many believed the British Government would be handing over money to keep Nissan happy. But sources told British newspaper The Independent back in January that the deal had no mention of money.
      It could be that the British Government could do something similar for PSA Group to keep jobs, but it is too early to say if this will happen or not.
      2: Will this affect PSA’s plans of entering the U.S.?
      Probably not. Let’s remember that PSA Group is working through a ten-year plan that may or may not see the return of the Citroen and Peugeot, along with the introduction of DS to the country. Already, the first part of this plan is gearing up for the launch of a car sharing service next month. There is also extensive research going on into the U.S. marketplace. 
      But could there be a possibility of Opel or Vauxhall vehicles being sold here? It would not be surprising if there isn’t talk about this at PSA Group’s HQ. But there is a slight complication to this idea. As part of the sale, PSA Group cannot sell any Opel vehicles developed by GM anywhere in various markets outside of Europe (China and U.S. for example) until they transition to PSA platforms. That means a number of models such as the Astra, Insignia, and Mokka are out of the question for the time being. If Opel was chosen to be one of the brands PSA would sell in the U.S., they might not have a full line of vehicles to sell due to this clause.
      3: What does the future hold for Buick and Holden?
      If there are some losers from the sale of Opel, it has to Buick and Holden. Buick has found some success with Opel products as the Encore (rebadged Mokka) has become one the best-selling models for the brand. Holden is getting a shot in the arm as the Astra will hopefully help their fortunes in the compact space, and the new Commodore (rebadged Insignia) has a tough task ahead of it with living up to an iconic name. For the time being, Opel will continue supplying models to both brands. It is what happens in the future that many are concerned about.
      During the Geneva Motor Show, GM President Dan Ammann said something very interest to Australian journalists about the future of Holden’s products.
      This makes sense as the Astra was only launched and the Commodore is getting ready to go on sale. But I wouldn’t be surprised if talks begin very soon about this very topic. The same talks are likely to begin at Buick soon where they face the same issue for the Regal and Encore. Our hunch is Buick might have the easier time of two. The Encore would continue on since it shares the same platform as the Chevrolet Trax. As for the Regal, it could leave Buick’s lineup once the next-generation model runs its course.
      4: Does GM lose anything with this deal?
      There has been a lot of talk about how much money will be freed up from the sale of Opel/Vauxhall for GM, along with making a bit more profit. But it comes at a cost that could hurt GM down the road. The recent crop of compact and midsize sedans from GM owe a lot to Opel’s engineering knowledge. Vehicles that excel in driving dynamics and fuel economy are worth their weight in gold when it comes to the European marketplace. As we know, one part of why GM went into bankruptcy was the lack of competitive small and midsize cars that got good fuel economy. Opel would prove to be GM’s savior with this key knowledge.
      Right now, compacts and midsize sedans aren’t selling as consumers are directing their attention to crossovers and SUVs. This is due in part to lower gas prices. But sooner or later, the price of gas will go back up and cause many to go back to smaller vehicles. With talk about GM scaling back on their small and midsize car lineup, this decision could have consequences down the road. Plus with Opel out of the picture, GM doesn’t have someone it can rely on to get these models back to the forefront. We can hope GM’s North American office has learned some stuff when working with their European counterparts.
  • Recent Status Updates

  • Who's Online (See full list)