GM planning to spend $260 million at its Toledo transmission plant

Article by Christian Andrei, on May 9, 2011

General Motors Co. will spend $260 million to start manufacturing fuel-efficient, eight-speed transmissions at its Toledo transmission plant. The Blade newspaper and the Associated Press said that the plant will start production of the transmissions in late 2012 and also that it will create up to 400 jobs.

The announcement, which is scheduled to take place in Tuesday, will be made by GM CEO Dan Akerson.

Expected to attend the event are Ohio Gov. John Kasich, UAW Vice President Joe Ashton as well as other GM and government officials. The AP said that these new workers will be paid $14 an hour, approximately half of what veteran employees are paid.

While GM does not produce noncommercial vehicles with eight-speed transmissions, it has presented a prototype for the eight-speed electric hybrid Buick Enclave at this year’s Shanghai auto show. The Toledo plant builds the Hydra-matic 6L80 rear-wheel-drive six-speed transmission that the Chevrolet Corvette and the Cadillac Escalade uses.

It also rolls out the global front-wheel-drive six-speed seen in the Chevrolet Cruze and Malibu. On which models the new eight-speed transmission will be used has yet to be determined.

It’s also unclear if the transmission will be fwd or rwd. In February 2006, GM invested $540 million on the plant to build the six-speed rwd transmission. In May 2007, GM spent $332 million on the factory to produce the six-speed fwd transmission.

Topics: gm, transmission

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

The bidding war for one of the only 20 examples -- 21 actually, but the 00 version went to a museum -- of the classically beautiful Lamborghini Reventon built and...
by - January 18, 2017
Bentley once again confirmed its plans to push PHEV into their future lineups. As a matter of fact, the Bentayga SUV will be the first to have the plugin hybrid...
by - January 18, 2017
Each time that Mini launches a new generation of the Countryman crossover, a John Cooper Works performance version is always expected to follow. When Mini unveiled the next-gen 2017 Mini...
by - January 18, 2017
Ford Mustang customers won’t be able to specify the V6 powerplant for the latest iteration of the carmaker’s pony car. This comes as the new 2018 Ford Mustang is saying...
by - January 18, 2017
The man sitting at the top of the performance division of Mercedes-Benz – Tobias Moers – cryptically indicated that the Mercedes-AMG GT4 could be really coming. Moers, chief executive of...
by - January 18, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries