Kaptur Welcomes GM Investment in Toledo
TOLEDO (Dec. 17, 2013) – Congresswoman Kaptur welcomed the announcement by General Motors of a $30.6 million investment in the Toledo Transmission Operations for increased capacity for an existing 6-speed transmission and tooling for a new variant.
“This is wonderful news for Toledo Transmission, its workers and the local economy,” said Congresswoman Kaptur.
“The Toledo plant is already building the transmissions of the future and this investment further promotes the comeback of the auto industry in our region.”
GM said it will invest almost $1.3 billion at five plants located in Ohio, Michigan and Indiana, creating or retaining approximately 1,000 jobs. The company has invested more than $10 billion in U.S. manufacturing facilities since 2009.
“Once again we have evidence of the wisdom of rescuing the auto industry during the economic crisis,” said Congresswoman Kaptur.
“Critics who deride the auto rescue fail to recognize that auto production is the lifeblood of the Northern Ohio economy. We are fortunate President Obama stepped forward to save it from elimination.”
GM said the latest investments will support production of a new V6 engine and 10-speed transmission as well an existing six-speed transmission.
“GM is committed to a strong American manufacturing base and creating jobs in dozens of communities throughout the country. Today’s announced plant upgrades continue the momentum of a resurgent auto industry,” said GM Executive Vice President and North America President Mark Reuss.
UAW Vice President Joe Ashton said the announcement represents “a win for American workers. UAW is proud to be a part of this successful collaboration with GM that has helped rebuild the nation’s economy, created good paying, union jobs in communities across the country, and brought manufacturing that was moved overseas back to the U.S. This is further proof that collective bargaining works.”