General Motors today announced it will invest $49 million to purchase tooling and equipment for the Bedford, Ind., power-train plant to produce components for a new eight-speed transmission and a future small engine program. The investment will also create, or retain, 91 jobs, the company said in a press release.
This is the secondthis week regarding the of $2 billion in U.S. investment.
The Bedford plant, which currently has 405 hourly and salaried employees, will receive a machinery, equipment, and special tooling upgrade. Bedford currently uses an aluminum die-cast process to manufacture transmission casings and converter housings for the new fuel-efficient six-speed transmissions.
"The all-new eight-speed transmission will improve fuel economy in a number of future vehicles," GM Manufacturing Manager Arvin Jones said Wednesday. "And, the new gasoline engine, which will be offered in displacements from 1.0 liters to 1.5 liters, is key to fuel economy leadership in the small four-cylinder engine segment."