General Motors will make a $49 million investment to buy tooling and equipment for the Bedford powertrain plant so that it can start to build parts for an 8-speed transmission and small engine program. The facility will be revamped and will be fitted with special tooling, manufacturing machinery, and equipment.
The project, which was announced recently, will either keep or create a total of 91 jobs. Last Wednesday, GM Manufacturing Manager Arvin Jones said that several upcoming vehicles will be equipped with the all-new 8-speed transmission that boosts their fuel economy.
Jones added that this new gasoline engine, which will be made available in displacements that range from 1.0 liters to 1.5 liters, is “key” to becoming the leader in the small four-cylinder engine class when it comes to fuel economy. The tooling of the Bedford plant is part of the $2 billion investment that GM has announced on May 10.
This amount will be used for 17 facilities in eight states in the U.S. The other facilities that received investments include those in Bowling Green, Ky.; Arlington, Tex.; Toledo, Ohio; and Bay City, Detroit, Flint, Lansing and Warren, MI.
The investments are expected to have a positive effect on employment. The $2 billion investment is on top of the 9,000 jobs made or kept in the U.S. since the middle of 2009 because of a $3.4 billion investment.
In 1942, the Bedford facility opened. It is currently one of the top aluminum die casting facilities worldwide. Bedford makes use of an aluminum die cast procedure to make transmission casings and converter housings that will be used for the new fuel efficient six speed transmissions.