September 23, 2022

Source: Reuters

Excerpt:

General Motors Co (GM.N) said on Friday it will invest $760 million at its Toledo, Ohio factory to build drive units for electric trucks, the automaker’s first U.S. powertrain facility repurposed for EV-related production.

Th largest U.S. automaker currently builds GM’s six-speed, eight-speed and 10-speed rear-wheel drive and nine-speed front-wheel drive transmissions in a variety of Chevrolet, Buick, GMC and Cadillac at its 2.82-million square foot Toledo, Ohio, transmission plan that it has renamed Toledo Propulsion Systems.

Read more: GM to invest $760 million to shift Ohio plant to EV-part production