GM Confirms 10-Spd Transmission as Part of $1.3B Investment
GM is pumping $1.3 billion into five different US manufacturing plants to support a new 10-speed automatic transmission along with a new V6 engine and an existing six-speed auto box.
It was already known that GM was working on a nine or ten-speed transmissions in collaboration with Ford, though now the company has confirmed that the gearbox will include ten cogs. Which product the ten-speed will show up in is still unknown, though the General’s trucks and SUVs seems a logical place to start.
SEE ALSO: Ford, GM Co-Developing 9 and 10 Speed Transmission
The investment will be spread between three plants in Michigan located in Detroit, Flint and Romulus, one plant in Bedford, Indiana and a final plant in Toledo, Ohio. GM says that the investment will “create or retain about 1,000 jobs,” and will also support a new paint shop and logistics optimization center.
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Stephen covers all of the day-to-day events of the industry as the News Editor at AutoGuide, along with being the AG truck expert. His truck knowledge comes from working long days on the woodlot with pickups and driving straight trucks professionally. When not at his desk, Steve can be found playing his bass or riding his snowmobile or Sea-Doo. Find Stephen on <A title="@Selmer07 on Twitter" href="http://www.twitter.com/selmer07">Twitter</A> and <A title="Stephen on Google+" href="http://plus.google.com/117833131531784822251?rel=author">Google+</A>
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GM says that the investment will create or retain about 1,000 jobs, LOL. What a joke the US auto industry has become. They now have to justify R&D based on the estimated number of jobs "saved or created" instead of making quality stuff that sells cars at a competitive price. By-product of the bailout? I think so.