[News Article] GM investing $920 million in Ohio diesel engine plant
GM investing $920
million in Ohio diesel engine plant
By David Shepardson,
Reuters - General Motors (GM.N) on Tuesday said it was investing $920 million
to expand operations at its Ohio diesel engine plant for production of future
internal combustion engine (ICE) heavy-duty truck powertrain products. In total, the
largest U.S. automaker has announced in June more than $3.2 billion in
investments to support next-generation ICE production, even as it vows to stop
the sale of new gasoline- and diesel-powered vehicles by 2035 in favor of
electric vehicles. GM on Tuesday said
it will build a 1.1-million-square-foot expansion of the its Brookville, Ohio,
diesel engine facility and install new technology and equipment, more than
quadrupling the current size of the facility, which produces Duramax diesel
engines for the Chevrolet Silverado HD and the GMC Sierra HD. GM declined to
release "product details and timing related to its "future HD truck
powertrain products." GM also announced
this month that it plans to invest more than $1 billion to re-tool two
manufacturing sites in Flint, Michigan, to prepare for a new generation of its
ICE heavy-duty trucks and more than $500 million in its Arlington, Texas,
assembly plant to prepare it for production of next-generation ICE full-size
SUVs. GM also announced
C$280 million ($210 million) in its Canadian Oshawa Assembly and $632 Million
in Fort Wayne, Indiana, for future next-generation ICE full-size trucks. GM, like other
automakers, faces increasingly stringent emissions requirements from California
and the U.S. Environmental Protection Agency. It will need to boost the
efficiency of internal combustion models and ramp up zero-emission model sales
to meet tougher regulations. GM paid $128.2
million in penalties for the 2016 and 2017 model years for failing to meet
Corporate Average Fuel Economy (CAFE) program requirements, Reuters reported
this month. GM did not post an
announcement on its website about the $920 million Ohio investment, but sent a
press release to Reuters after Senator Sherrod Brown, of Ohio, issued a
statement touting the plan. Source: https://www.reuters.com/business/autos-transportation/gm-investing-920-mln-ohio-diesel-engine-plant-2023-06-20/
2023.06.23