Tag Archives: UAW Local 774

General Motors (NYSE: GM) said Tuesday that it plans to invest $888 million in its Tonawanda Propulsion plant to support the production of the sixth generation of GM’s V8 engines, used in full-size trucks and SUVs. The money is for new machinery, equipment, and tools, as well as facility renovations. GM makes money – thousands up thousand of U.S. Dollars a unit – on selling full-size pickup trucks and SUVs with fossil fueled engines. This a prudent move that will help offset the significant costs incurred during the slow walk to non-fossil fueled propulsion systems.

“Our significant investments in GM’s Tonawanda Propulsion plant show our commitment to strengthening American manufacturing and supporting jobs in the U.S.,” said Mary Barra, Chair and CEO. “GM’s Buffalo plant has been in operation for 87 years and is continuing to innovate the engines we build there to make them more fuel efficient and higher performing, which will help us deliver world-class trucks and SUVs to our customers for years to come.” Continue reading →