IN: GM Invests $127M in Casting Plant, Creates 127 Jobs
14 Dec, 2015
General Motors will invest $127.4 million in powertrain and structural components to support production of new aluminum engine blocks and components at its Bedford Casting Operations, creating approximately 127 future jobs.
The plant currently has approximately 700 employees on three shifts and produces transmission casings, converter housings, heads, and small gas engine blocks used in Chevrolet, Buick, GMC and Cadillac vehicles.
“This investment in the future recognizes the excellent workforce at Bedford Casting Operations” said Bedford Casting Operations Plant Manager Lamar Rucker. “It also demonstrates GM’s collaboration with our UAW and International Brotherhood of Electrical Workers partners, which reflects how we continue to bring new powertrain solutions to our customers.”
Including this investment, GM has invested more than $426 million in the Bedford plant since 2010.
So far in 2015, GM has announced more than $6.5 billion in U.S. facility investment, creating approximately 3,370 new jobs and securing the positions of 15,350 employees.
Details about program timing and applications will be released later.
General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.