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General Motors invests $100 million in two U.S. plants to boost transmission production

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General Motors employees work on the assembly line Friday, April 26, 2019 at Fairfax Assembly & Stamping Plant in Kansas City, Kansas. The Fairfax facility produces the Cadillac XT4 and Chevrolet Malibu.

Jim Barcus for GM

General Motors announced on Thursday that it will invest $100 million in two of its U.S.-based manufacturing plants to boost production of 10-speed automatic transmissions found in two of its popular pickups.

The company is allocating $93 million for its plant in Romulus, Michigan, that will increase “machining capability,” according to a statement. General Motors is also investing $7 million in a Bedford, Indiana, plant for increased die casting metal capabilities.

The…



Source cnbc.com

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