GM to Boost New York Engine Plant with $800 Million Investment

Published 1 days agoGM

General Motors (GM) has announced plans to significantly ramp up its engine production capabilities at its New York facility with an investment of at least $800 million. This financial commitment marks a major increase from previous plans at the site.

Originally, GM had planned an investment of $300 million into the same plant for the production of electric vehicle (EV) drive units. This shift in strategy, as reported by Reuters, suggests that GM is recalibrating its production priorities possibly in response to changing market dynamics or internal strategic revisions.

Earlier this year, GM revealed a smaller $68 million investment in its Rochester, New York facility aimed at making parts for EV batteries and V8 engines. The recent increase in funding reflects GM's continued interest in bolstering internal combustion engine production, even as it expands its electric vehicle offerings.

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