General Motors has announced it will invest $29.4 million into its Bedford production facility.
According to a release from the company, the Bedford plant will be building a new small gasoline engine for GM, which officials say could end up in more than 2 million automobiles. GM says the new engines will be three and four cylinder varieties, ranging in size from 1.0 to 1.5 liters of displacement.
The plant will also invest in equipment to build GM’s new eight speed and existing six speed transmissions. The company says the new eight speed will help improve its fleet’s fuel economy.
In a statement, Diana Tremblay, vice president of GM North American Manufacturing says the company is committed to keeping plants across the U.S. open and productive.
“We are investing in technologies and manufacturing capabilities that produce high-quality, fuel-efficient vehicles and components for our customers,” she says.
GM is investing a total of $332 million nationwide for its new fuel efficient powertrains. The Bedford plant employs more than 600 workers.