TOLEDO – General Motors is reporting that they will make a 75 million dollar investment into Toledo’s auto industry in 2021.
According to Senator Portman GM will invest $75 million in the company’s Toledo Powertrain Plant. According to GM, the investment will increase the plant’s capacity to build 10-speed automatic transmissions that are used in GM’s award-winning full-size truck products including the Chevrolet Silverado and GMC Sierra.
“This is terrific news for Toledo and Northwest Ohio and is a testament to the tremendous work ethic of the people of Ohio,” said Portman. “I thank GM for their continued investment in our state and specifically Toledo. This investment will continue to help bolster the region’s economy while maintaining manufacturing jobs in Ohio.”
This investment goes with a earlier announcement from GM to invest 39 million into the plant for upgrades to the eight-speed rear-wheel-drive transmission