General Motors To Invest $71M Into Two Ohio Manufacturing Plants
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General Motors has confirmed that it will invest $71 million combined into two of its Ohio manufacturing facilities.
The automaker said Monday that it will invest $39 million at its Toledo transmission plant and $32 million at its Defiance casting plant. The Toledo plant investment will be used to “upgrade and enhance the production of GM’s eight-speed rear-wheel-drive transmission,” while the Defiance investment “will be used to prepare the facility for future engine casting components work.” Work at both facilities is expected to begin immediately.
“Through these investments, GM continues to strengthen its significant manufacturing presence in Ohio,” said GM’s vice president of North American Manufacturing and Labor Relations, Phil Kienle. “Our Toledo and Defiance teams continue to focus on building world-class products for our customers and these actions are an investment in their futures.”
These new investments will “enable GM to retain 240 good-paying U.S. manufacturing jobs,” the automaker said, but did not confirm if they would create any additional positions. The automaker has invested more than $3.3 billion in the state of Ohio since 2009 and currently has more than 3,800 people employed in the state,
GM Lordstown plant in 2017
Officials in Ohio had previously come down on GM over its decision to close the Lordstown Assembly plant and sell the facility to up-and-coming electric vehicle maker Lordstown Motors. The state demanded the automaker repay the $60 million in tax breaks that it previously was given in exchange for keeping the plant open, but GM hoped it would be able to work out a deal with the state in which it committed to other, future investments rather than repaying the full $60 million. GM will now repay $28 million to the state of Ohio, including $12 million to fund community support programs in the Mahoning Valley area.
GMC Hummer EV teaser
In addition to these most recent investments, GM is also currently building a large new battery manufacturing plant in Ohio as part of a joint venture with supplier LG Chem. The two companies will together invest more than $2.8 billion in the plant, which will employ more than 1,100 people. Battery cells manufactured at the LG Chem plant will be used in future GM electric vehicles such as the Cadillac Lyriq and GMC Hummer EV.
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Glad to hear the State of Ohio is getting back 28 Billion Dollars from GM for closing Down the Lordstown Plant. I am sure that region could use all the money it can get.
Million***, billion is lunacy
The number they are quoting here in Ohio is $21 Million.
Either way Ohio needs to be open with GM as they have been a state GM has been steadily investing money in.
While yes Lords town was a hit in the long run the plants being built here will do more for the area than Lordstown.
Lordstown was a plant from the past. I was there as a kid at the opening and the entire facility has been on a steady decline since the late 70’s. The van plan closed and some of the other support plants have been long gone. The plant was too big in today’s terms and was not very efficient.
The truth is EV products are only going to grow. The battery plant is replacing many of the jobs and I expect it will continue to grow.
Many of th3 workers at Lordstown have settled between other plants for years due to the flex in the sales of the cars built there. I know many who went to Parma and Pittsburgh.
Many live here in Akron as they are an hour away from a number of GM plants over the years. A number of them are at Parma Stamping as it continues to increase in production.
Most of this is not true.
It is a regurgitation of the GM propaganda.
Parma is the only plant that is about an hour from Akron. The only other two GM plants left in the state are in western Ohio. Toledo and defiance.
Of the thousands of people that lost there jobs at lordstown only about 20 electricians were able t o go to Parma.
Let’s see who gives these facts a thumbs down.