Jun 8, 2011
General Motors (NYSE:GM) announced an investment of $49 mln on its Bedford powertrain plant in order to acquire tooling and equipment towards creating components for its announced 8-speed transmission as well as for an upcoming small engine program.
The transmission is expected to improve fuel economy in some of the company's lineup of future vehicles, while the gasoline engine is viewed as a key element towards fuel economy leadership in the small four-cylinder engine segment. The investment is also expected to create or retain 91 jobs.
The investment is part of GM's $2 billion program to generate jobs at multiple facilities in several states announced last May 10, 2011.
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