General Motors to Invest $71 Million in 2 Ohio Factories
September 28 2020 - 2:25PM
Dow Jones News
By Chris Wack
General Motors said Monday it plans to invest $71 million into
two Ohio factories, including $39 million at its Toledo
transmission plant and $32 million at its Defiance casting
plant.
The auto maker said work will begin immediately at the two
locations and these investments will enable it to retain 240
manufacturing jobs.
The Toledo investment will be used to upgrade and enhance the
production of GM's eight-speed rear-wheel-drive transmission, and
the Defiance investment will be used to prepare the factory for
future engine casting components work.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
September 28, 2020 14:10 ET (18:10 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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