Sep 2022

96,700 Vehicles Taken Out of Production

General Motors said on Friday it will invest $760 million at its Toledo, Ohio, factory to build drive units for electric trucks, the automaker’s first U.S. powertrain facility repurposed for EV-related production.

“Once the plant is converted, it will produce GM’s family of EV drive units, which convert electric power from the battery pack to mechanical motion at the wheels,” GM said, adding the plant will produce transmission products while building drive units simultaneously during GM’s EV transition. GM said last year it would increase its EV and autonomous vehicle investments from 2020 through 2025 to $35 billion, a 75% increase as it vows to stop selling gas-powered vehicles by 2035.