GM announces $29M investment in Bedford, Indiana plant
The General Motors plant in Bedford, Indiana will support production of two new engines and other auto parts, GM announced Thursday.
GM says it's investing around $332 million in four manufacturing sites to build more fuel-efficient engines and transmissions. In addition to Bedford, plants in Flint and Bay City, Michigan, and Toledo, Ohio, will also produce the new designs, which include a new Ecotec small gas engine, a new V6 engine, 8-speed transmission, and tooling for an existing 6-speed transmission.
GM will also invest an additional $46 million in two powertrain plants in Michigan.
Combined, GM says the two investments will retain about 1,650 jobs at the six facilities.
Specifically, Bedford Castings will get $29.4 million, including $19 million to produce components for the small gas engine and $10.4 million to produce components for the new 8-speed and existing 6-speed transmissions.
The Ecotec gasoline engine is designed to offer better performance, improved fuel economy and reduced carbon dioxide emissions. The 8-speed automatic transmission will assist in improved fuel economy and performance.
Since 2009, GM says its investments of more than $8.5 billion in its U.S. operations - $1.2 billion so far in 2013 - have created or retained more than 24,700 jobs.