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Share Name | Share Symbol | Market | Type |
---|---|---|---|
General Motors Company | NYSE:GM | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.1719 | 0.38% | 45.0319 | 45.54 | 44.96 | 45.10 | 10,301,583 | 00:57:52 |
By Michael Dabaie
General Motors Co. said it is making a $100 million investment in two of its manufacturing facilities to boost full-size truck transmission capacity.
The auto marker said it will invest $93 million at the Romulus, Mich., propulsion plant and $7 million at the Bedford, Ind., casting operations.
The Romulus investment will add machining capability, while the Bedford investment will increase the plant's die casting capabilities.
Both investments will support increased production of GM's 10-speed automatic transmissions used in the Chevrolet Silverado and GMC Sierra light-duty, full-size pickups.
Work will begin immediately at both locations, the company said.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
February 11, 2021 13:12 ET (18:12 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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