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General Motors is investing $ 888 million in the Tonawanda payment factory in Buffalo, New York, to support the production of the sixth generation of V-8 engines in General Motors, “the automobile company announced on Tuesday.
This investment is a conversion of a pre-announced commitment of $ 300 million to make the electric car engine units in the factory, where V-8 engines are used in trucks and four-wheel drive vehicles of the full size of General Motors.
GM says the latest engines will provide drivers with a better fuel economy and reduce emissions through the use of “new combustion and thermal management”.
“Our important investments in Payment factory in General Motors Mary Barra, President and Director of General Motors, said in a statement that showing our commitment to strengthening American manufacturing and supporting jobs in the United States.
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General Motors headquarters inside the Renaissance Center in Detroit, Michigan, United States, on Monday, April 15, 2024. (Jeff Kowalsky / Bloomberg / Getty Images)
“The Buffalo Factory in General Motors has been working for 87 years and continues to do so Innovation of engines She concluded by saying that we are building there to make them more efficient in fuel consumption and higher performance, which will help us to provide a global -level SUV for our customers for years.
While the factory is preparing to start producing the Sixth generation V-8 engine in 2027, it will continue to produce V-8 engines.
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Payment station at General Motors in Bovalo, New York. (Google Maps / Google Maps)
This step is likely to be another sign of car boxes that adapt to the slow demand in the market on EVS and come after Detroit cars pressed Congress strongly to cancel the rules of electric vehicles in California.
New York Governor Cathy Hochol The project said that the project will support 870 jobs in Tonawanda ProPuls, including 177 jobs are in danger, according to Reuters. The state plans to provide up to $ 16.96 million in tax credits for investment obligations.
| index | protection | last | Changing | % Change |
|---|---|---|---|---|
| General Motors | General Motors Company. | 49.09 | +0.40 |
+0.82 % |
SUVs are moving via the assembly line at General Motors Factory in Arlington, Texas June 9, 2015. (Mike Stone / Reuters)
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General Motors said that the Tunanda gun is represented by UAW Local 774.
Reuters contributed to this report.
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