Reuters logo
4 years ago
GM to invest $332 million in four sites to build fuel-efficient engines
April 4, 2013 / 11:27 AM / 4 years ago

GM to invest $332 million in four sites to build fuel-efficient engines

1 Min Read

The General Motors logo is seen outside its headquarters at the Renaissance Center in Detroit, Michigan in this file photograph taken August 25, 2009.Jeff Kowalsky/Files

(Reuters) - General Motors Co (GM.N) said it will invest about $332 million in four manufacturing sites to produce more fuel-efficient engines and transmission systems.

So far this year, the carmaker has announced $1.2 billion in investments in its North American plants. GM has said it would invest $1.5 billion in those plants this year.

The investments will boost production of a new Ecotec small gas engine, a new V6 engine, eight-speed transmission and tooling for an existing six-speed transmission.

The carmarker is also raising its powertrain investment in two Michigan plants by $46 million to support production of the new V6 engine.

Shares of the Detroit-based company closed at $27.80 on Wednesday on the New York Stock Exchange.

Reporting by Jochelle Mendonca in Bangalore; Editing by Joyjeet Das

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below