Jump to content
William Maley

GM News: General Motors Announces Two Plant Investments

Recommended Posts


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.


View full article

Share this post


Link to post
Share on other sites

I like this, much clearer in what is created and retained compared to the FORD investment info.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

If CO2 emissions are your endgame (and your generating stations are Algorite-approved) then Voltec is the way to go.

Share this post


Link to post
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.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

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

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.




  • Similar Content

    • By dfelt
      To say that today the average auto is a supercomputer would be an understatement. Auto's are being asked to do so much now that many take it for granted what they can do and others wonder why self driving auto's are not already normal here after years of self driving auto's being promised. Part of this is computer tech only now getting up to speed, other reasons is adoption by people. 
      Consumer Reports decided to check out just how good is autonomous driving and is it more of a Semi-automated driving. Consumer Reports has compared the Cadillac Super Cruise, Tesla's AutoPilot along with Nissan's ProPilot and Volvo's Pilot Assist.
      While GM, Tesla and Volvo did not respond to Consumer Reports request for response, Nissan did issue a statement saying that their ProPilot Assist system is available on several models all of which cost tens of thousands of dollars less than the others in the report. While CR has tested the automated driving systems for years, this is their first official in depth testing of the systems. The testing was conducted on both private and public roads to insure real world results. With a system that uses a combination of cameras, radar and other various sensors to map, monitor and react to traffic conditions, each system had its limitations.
      Cadillac Super Cruise only works on divided highways that have been mapped by GM. Tesla Autopilot can work on small, curvy roads with poor lane markings but operates erratically in those situations. Nissans ProPilot did better than Tesla and Volvo for keeping the drivers engaged but just under Cadillac's Super Cruise. Over all Cadillac's Super Cruise was judged to be the best balance of High-tech capabilities with car operational safety and driver engagement.
      Consumer Reports does point out that Super Cruise is NOT GM's Cruise self-driving technology that Honda has just bought into to help bring to market.
      Reuters Story
    • By William Maley
      General Motors' self-driving unit, Cruise got a huge boost today from Honda. Today at a press conference, the two companies announced a new deal where Honda will invest $2.75 billion ($750 million upfront for a 5.7 percent stake and the remainder to be invested over the next 12 years) and will work together on developing a purpose-built self-driving vehicle.
      Speaking at GM's technical center in Warren, MI, CEO Mary Barra said Honda would provide "additional engineering, design, and technology expertise" and help assist Cruise's “global reach and the ability to deploy at-scale.”
      “Together, we can provide Cruise with the world’s best design, engineering and manufacturing expertise, and global reach to establish them as the leader in autonomous vehicle technology – while they move to deploy self-driving vehicles at scale,” said Barra in a statement.
      Honda's investment comes five months after Japanese holding conglomerate SoftBank invested $2.25 billion into the unit.
      Source: Automotive News (Subscription Required), General Motors


      Honda Joins with Cruise and General Motors to Build New Autonomous Vehicle
      Honda investment of $750 million values Cruise at $14.6 billion SAN FRANCISCO — Cruise and General Motors Co. (NYSE: GM) announced today that they have joined forces with Honda (TYO: 7267) to pursue the shared goal of transforming mobility through the large-scale deployment of autonomous vehicle technology.
      Honda will work jointly with Cruise and General Motors to fund and develop a purpose-built autonomous vehicle for Cruise that can serve a wide variety of use cases and be manufactured at high volume for global deployment. In addition, Cruise, General Motors and Honda will explore global opportunities for commercial deployment of the Cruise network.
      Honda will contribute approximately $2 billion over 12 years to these initiatives, which, together with a $750 million equity investment in Cruise, brings its total commitment to the project to $2.75 billion.
      In addition to the recently announced SoftBank investments, this transaction brings the post-money valuation of Cruise to $14.6 billion.
      “This is the logical next step in General Motors and Honda’s relationship, given our joint work on electric vehicles, and our close integration with Cruise,” said General Motors Chairman and CEO Mary Barra. “Together, we can provide Cruise with the world’s best design, engineering and manufacturing expertise, and global reach to establish them as the leader in autonomous vehicle technology – while they move to deploy self-driving vehicles at scale.”
      “Honda chose to collaborate with Cruise and General Motors based on their leadership in autonomous and electric vehicle technology and our shared vision of a zero-emissions and zero-collision world,” said Honda Executive Vice President and Representative Director COO Seiji Kuraishi. “We will complement their strengths through our expertise in space efficiency and design to develop the most desirable and effective shared autonomous vehicle.”
      “With the backing of General Motors, SoftBank and now Honda, Cruise is deeply resourced to accomplish our mission to safely deploy autonomous technology across the globe,” said Cruise CEO Kyle Vogt. “The Honda partnership paves the way for massive scale by bringing a beautiful, efficient, and purpose-built vehicle to our network of shared autonomous vehicles.”

      View full article
    • By William Maley
      General Motors' self-driving unit, Cruise got a huge boost today from Honda. Today at a press conference, the two companies announced a new deal where Honda will invest $2.75 billion ($750 million upfront for a 5.7 percent stake and the remainder to be invested over the next 12 years) and will work together on developing a purpose-built self-driving vehicle.
      Speaking at GM's technical center in Warren, MI, CEO Mary Barra said Honda would provide "additional engineering, design, and technology expertise" and help assist Cruise's “global reach and the ability to deploy at-scale.”
      “Together, we can provide Cruise with the world’s best design, engineering and manufacturing expertise, and global reach to establish them as the leader in autonomous vehicle technology – while they move to deploy self-driving vehicles at scale,” said Barra in a statement.
      Honda's investment comes five months after Japanese holding conglomerate SoftBank invested $2.25 billion into the unit.
      Source: Automotive News (Subscription Required), General Motors


      Honda Joins with Cruise and General Motors to Build New Autonomous Vehicle
      Honda investment of $750 million values Cruise at $14.6 billion SAN FRANCISCO — Cruise and General Motors Co. (NYSE: GM) announced today that they have joined forces with Honda (TYO: 7267) to pursue the shared goal of transforming mobility through the large-scale deployment of autonomous vehicle technology.
      Honda will work jointly with Cruise and General Motors to fund and develop a purpose-built autonomous vehicle for Cruise that can serve a wide variety of use cases and be manufactured at high volume for global deployment. In addition, Cruise, General Motors and Honda will explore global opportunities for commercial deployment of the Cruise network.
      Honda will contribute approximately $2 billion over 12 years to these initiatives, which, together with a $750 million equity investment in Cruise, brings its total commitment to the project to $2.75 billion.
      In addition to the recently announced SoftBank investments, this transaction brings the post-money valuation of Cruise to $14.6 billion.
      “This is the logical next step in General Motors and Honda’s relationship, given our joint work on electric vehicles, and our close integration with Cruise,” said General Motors Chairman and CEO Mary Barra. “Together, we can provide Cruise with the world’s best design, engineering and manufacturing expertise, and global reach to establish them as the leader in autonomous vehicle technology – while they move to deploy self-driving vehicles at scale.”
      “Honda chose to collaborate with Cruise and General Motors based on their leadership in autonomous and electric vehicle technology and our shared vision of a zero-emissions and zero-collision world,” said Honda Executive Vice President and Representative Director COO Seiji Kuraishi. “We will complement their strengths through our expertise in space efficiency and design to develop the most desirable and effective shared autonomous vehicle.”
      “With the backing of General Motors, SoftBank and now Honda, Cruise is deeply resourced to accomplish our mission to safely deploy autonomous technology across the globe,” said Cruise CEO Kyle Vogt. “The Honda partnership paves the way for massive scale by bringing a beautiful, efficient, and purpose-built vehicle to our network of shared autonomous vehicles.”
  • My Clubs

  • Recently Browsing

    No registered users viewing this page.

  • Reader Rides

About us

CheersandGears.com - Founded 2001

We ♥ Cars

Get in touch

Follow us

Recent tweets

facebook

×