General Motors Co. is investing $75 million at its transmission plant in Toledo, Ohio to increase production of transmissions for profit-rich trucks
Detroit — General Motors Co. is investing $75 million at its transmission plant in Toledo, Ohio, to increase production of 10-speed automatic transmissions for profit-rich trucks.
The automaker plans to field 30 EVs by 2025 and an emissions-free lineup by 2035. But GM isn't backing down now on supplying its Chevrolet Silverado and GMC Sierra pickups to meet the heavy demand for the product.
"Through this investment, we continue to take steps to strengthen our current core business and build on our significant manufacturing presence in Ohio,” Phil Kienle, GM vice president of North America Manufacturing and Labor Relations, said in a statement.