June 1, 2007

GM to invest US$44 million in Bedford Foundry

Bedford, Indiana – General Motors has announced it will invest US$44 million in its Bedford Foundry in Indiana to produce transmission cases and converter housings for its six-speed transmissions. The project will retain about 100 production jobs at the facility.

The investment includes plant renovation and installation of new die casting machines, with an automated casting processing cell for each machine. The machines will be installed starting in June 2008, with full production targeted for December 2009.

The new investment brings GM’s total investment over the past year to US$114 million. The foundry, which is an aluminum melting, die casting and permanent mold facility, has been in operation since 1943 and currently employs 544 hourly and 115 salaried workers. Castings produced at the plant include transmission cases and converter housings for four- and six-speed transmissions; pistons for the Vortec 4.8-litre and 5.3-litre V8 engines; and engine blocks for the Northstar 4.6-litre V8 engines. On average, the plant produces 10,000 cases and housings, 34,000 pistons and 350 engine blocks per day.

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