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Common Motors (NYSE:GM) mentioned Friday it should spend $760M to renovate its Propulsion Techniques manufacturing facility in Toledo, Ohio, so it will possibly construct drive models that be utilized in electrical autos.
The Toledo plant will likely be the automaker’s first U.S. powertrain or propulsion-related manufacturing facility to start the transition from inner combustion engines to EV-related manufacturing.
The two.8M sq. ft. plant, inbuilt 1956, will make drive strains for future electrical vehicles together with the Chevrolet Silverado and GMC Sierra pickups, together with GMC Hummer EVs.
The plant employs 1,500 employees and at the moment makes 4 transmissions utilized in pickup vehicles and different GM (GM) inner combustion autos.
Final week, GM (GM) mentioned it should spend $491M at its Marion Stamping plant in Marion, Indiana, to arrange it to make metal and aluminum-stamped components for future autos together with EVs made at a number of GM meeting crops.
