Steel Markets
September 23, 2022
GM Renovates Ohio Propulsion Plant, Preps for EV Future
Written by Becca Moczygemba
GM is transforming its propulsion plant in Toledo, Ohio, in preparation for EV-related production. The Detroit-based auto manufacturer is investing $760 million to produce powertrains that will be used in future electric vehicles, with renovations starting this month.
The news comes just one week after the company announced that it is investing in updating its Marion, Ind. metal stamping facility.
This project will be the automaker’s first propulsion-related facility to undergo a transition to EV-related production. Units produced at the facility will include the Chevrolet Silverado EV, GMC Sierra EV, and the GMC Hummer EV.
GM has invested more than $1.9 billion at the Toledo facility to date in hopes of creating job and transforming its EV segment. “This investment helps build job security for our Toledo team for years to come and is the next step on our journey to an all-electric future,” said Gerald Johnson, executive vice president of global manufacturing and sustainability for GM.
Transmission products will continue to be built while the Toledo Propulsion Systems team transitions to solely building EV drive units. Currently, the 1,500-employee facility manufactures six-speed, eight-speed, and 10-speed rear-wheel drive and nine-speed front wheel drive transmissions that are used in various Chevrolet, Buick, GMC, and Cadillac products.
By Becca Moczygemba, Becca@SteelMarketUpdate.com
