GM announces $29M investment for Bedford plant
A billion-dollar investment by General Motors could mean new jobs in Bedford.
GM announced the $1.3 billion investment in five of the automaker's plants including Bedford. It would get $29 million to build parts for GM's new 10-speed transmissions and six-speed transmission components.
"We have done everything it takes to show GM we will continue to work hard, work collectively with them, making them profitable and we are going to be able to increase our production rate," said Barry Campbell, UAW 598 chairman.
In addition to Bedford, GM says the money will go to the Flint, Michigan, assembly plant; an engine plant in Romulus, Michigan, near Detroit and a transmission factory in Toledo, Ohio.
Most of the work will be done during the next two years. It's unclear how many jobs the investment will create. GM would say only that it will create or keep 1,000 positions.
Nearly half the money, $600 million, will go to the Flint factory for a new paint shop and other upgrades. The plant makes the Chevrolet Silverado and GMC Sierra pickup trucks.