Besides detailing its initial public offering of common stock, General Motors announced today that it will invest $20 million in its Bay City, Michigan Powertrain operations to produce camshafts for the next-generation Ecotec engine. The move brings the total investment at the Bay City plant to $62.5 million this year.
“This specific investment results in 15 jobs at the plant, but the cumulative employment impact of these three investments is 113 people,” said GM Manufacturing Manager Gerald Johnson.
“The men and women of UAW Local 362 focus on quality each and every day, and our customers see that focus when they start up their GM vehicle,” said UAW Local 362 shop chairperson Todd McDaniel.
– By: Stephen Calogera