GM Investing $552M in Four Key U.S. Manufacturing Sites
December 14, 2016
As the United States discusses the future of the country’s manufacturing sector following the 2016 U.S. Presidential election, American auto maker General Motors (GM) announced plans Wednesday invest $552 million in four key U.S. manufacturing sites in New York state and Ohio.
“GM remains committed to investing in its U.S. operations. With these latest projects we have announced investments of $2.2 billion in 2016, allowing us to support the production of future engines and vehicles,” said Cathy Clegg, GMNA Manufacturing and Labor Relations Vice President, in a statement.
$295.9 million is slated to go to a GM engine factory in Tonawanda, NY in support of “future engine” production, the company said, creating 67 new jobs when the project is complete. A facility in Lockport, NY will receive $31.86 million to support components manufacturing, retaining 320 jobs at the plant. GM’s Rochester plant will get $5.9 million to boost its component production capabilities.
The Parma Metal Center in Parma, OH is set to receive $218 million for new presses, dies, and sub-assemblies. 140 jobs will be retained there.
Multiple news sources reported that the investment is a result of talks between GM and the United Auto Workers to keep jobs in those facilities.
“The UAW’s negotiations with GM to reinvest in the Tonawanda, Rochester, Lockport and Parma plants have not only paid off for our members, but also those communities. Our strategic bargaining efforts will keep and grow great American auto manufacturing jobs in places that have seen too much manufacturing disappear and will solidify the job security our members deserve.”
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