General Motors has invested a lot of money in its electric future. This is not a surprise as the industry and market are pointing in that direction. But corporate America is not done spending more to increase its presence in the electrification era.
The latest investment for GM is up to $45 million. The money will be used to expand production of drive unit castings at GM’s aluminum die-casting plant in Bedford, Indiana. Benefit recipients? The upcoming Chevy Silverado EV and its twin, the GMC Sierra EV.
As GM expects strong demand for electric trucks in the coming years, it wants to make sure it has the capacity to support that growth.
GM’s latest investment in the Bedford plant was not long ago. In December 2021, the company poured over $51 million into the plant, which was used to install state-of-the-art new equipment for EV production, including the GMC Hummer EV – the exact same equipment GM has. looking to expand with this additional investment.
According to GM, more than $456 million has been invested in Bedford Casting Operations.
“Our Bedford operation is one of the world’s leading aluminum die casting facilities and this additional investment is truly an investment in the Bedford team and their commitment to excellence,” said Phil Kienle, GM vice president of North American manufacturing and workforce relations.
“This investment helps build job security for our Bedford team in the coming years as we continue to prepare our entire manufacturing footprint for an all-electric future,” added Kienle.
The 1 million square foot Bedford facility employs nearly 680 hourly and salaried workers. The die-casting process produces the cylinder blocks, transmission housings, structural components, and drive unit housings used in Chevrolet, Buick, GMC, and Cadillac vehicles.