General Motors Co. today is expected to announce a $55.7 million investment in its Toledo Transmission Plant to support an existing six-speed transmission and a yet-to-be-released eight-speed one that promises to be GM’s most technologically advanced transmission ever.
The investment isn’t expected to create any jobs. It does, however, support one of GM’s key programs for the future as the automaker works to meet new government regulations and increased consumer demands for higher fuel economy.
GM has poured two separate investments totaling $286 million into the plant since 2011. The first $204-million investment began preparing Toledo to build the eight-speed transmission. A few months later, GM announced an additional $82 million to upgrade the front-wheel drive, six-speed transmission that goes in some of GM’s most popular models, including the Ohio-built Chevrolet Cruze.
Source
Toledo Blade