GM’s Romulus plant to get $20 million upgrade
General Motors Co.’s engine plant in Romulus is the latest to get a multi-million-dollar cash injection.
The automaker said Tuesday it would spend $20 million at its GM Propulsion plant on Ecorse Road to buy new machines to increase production of 10-speed transmissions. It comes a day after GM Chairman and CEO Mary Barra stopped at the company’s Lansing Delta Assembly plant to announce a planned $36 million investment to fund production of popular crossover vehicles.
The cash infusions are the latest in a string of plant upgrades announced this year, and come as GM prepares to pull products and effectively idle four plants in the U.S. and one in Canada where unprofitable vehicles are built.
Like Monday’s investment in Lansing, the Romulus money goes toward increasing production for some of the company’s most-profitable vehicles. The automaker builds V-6 engines and 10-speed transmissions in Romulus for various GM cars, trucks and crossovers.
GM opened the Romulus plant in 1976, and has built multiple engine and transmission components there. The plants GM plans to idle this year mostly build sedans or small cars, though its plant in Baltimore builds pickup transmissions. The automaker has job openings around the country for all but 100 of the 2,800 factory workers at the plants that will be idled, though those jobs aren’t always nearby. In the meantime, the automaker this month began laying off 4,250 salaried employees.
GM will pull production from its Detroit-Hamtramck Assembly plant starting March 1. Its Lordstown Complex is expected to go down around that same time. The Baltimore operations will idle April 1, and Warren Transmission will go down Aug. 1, according to the company. GM’s plant in Oshawa, Ontario, is expected to go down in the fourth quarter of this year.
Barra said Monday that the salaried layoffs were “largely completed,” and the company is moving forward now.
“It’s about making sure people understood why we made the difficult decisions, and now moving forward,” she said. “And that’s what everybody’s committed to do.”
GM is continuing to “explore options” for its Lordstown plant, Barra said Monday, though the automaker is moving forward with plans to “unallocate” product from the facility in early March.
Posted By: The Detroit News on February 19, 2019. For more information, please click here to read the source article.
To receive the In The Know from Signature Associates, please click here to be added to our mailing list.
« Back to News
Did you know?
- In 2018, Signature completed more than 1,129 transactions totaling 29.8 million square feet and 1,494 acres with a total value of $969 million.
- Signature Associates has 6 veterans or active duty military officers.
- Almost 60% of Signature’s professionals have been with the firm at least 10 years.
- Signature completed more than 1,129 transactions in 2018.
- Signature loves animals! Over 60 professionals have dogs and 20 professionals have cats and collectively we’ve raised thousands of dollars in the last year alone for area animal shelters.
- Signature is featured as: Best & Brightest Companies to Work For 2018 & 2017, Cool Places to Work 2018, 2017 & 2016, and Top Workplaces 2018, 2017, 2016, 2015 & 2014
- Signature Associates and its team donate time and money to over 40 organizations throughout Michigan, Ohio and the United States.
- Signature Advisory and Management Services team performed comprehensive construction management services for projects totaling over $60 million and managed more than 8 million square feet of commercial space for our third-party clients, making us the largest locally owned third-party property management firm in the market.
- Signature Associates has completed more industrial leases than any other brokerage firm.
- Signature Team Cares was formed in January 2017 to help further our efforts and long history of partnering with local organizations to improve lives and to benefit our communities.