US EditionGM Invests $888 Million to Make Engines at New York Plant
- General Motors revealed plans on Tuesday to invest $888 million in upgrading their propulsion facility located in Buffalo, New York, to manufacture the upcoming generation of V8 engines.
- This investment follows GM's historical $1.5 billion spending in New York and shifts from a prior $300 million EV drive unit commitment amid changing market demands.
- The funds will cover new machinery, equipment, and renovations to support production starting in 2027 of V8 engines for full-size trucks and SUVs featuring combustion and thermal management improvements.
- New York’s governor highlighted that the $888 million investment will help sustain 870 jobs at the Tonawanda plant, including 177 positions previously at risk, marking a positive development for workers and the state’s manufacturing history.
- GM’s CEO Mary Barra emphasized the commitment to American manufacturing, and plant director Tara Wasik described this as an exciting new chapter for the Tonawanda facility.
58 Articles
58 Articles
GM To Invest $888 Million in New York Engine Production Facility - RetailWire
General Motors (GM) has announced that it will be investing nearly $1 billion in a production plant in New York, which will focus on building the next-generation V8 engine. According to Reuters, the corporation made its most significant single investment in an engine production facility to date, investing $888 million in its Tonawanda Propulsion factory in Buffalo, New York. The investment will cover facility improvements as well as the purchase…
Spotlight/manufacturing: With factory work, it's all about the investment
The $888 million investment by General Motors in its Town of Tonawanda engine plant is great news for the factory and its 870 workers because it solidifies the facility's future. But it won't lead to any new jobs.
General Motors (NYSE: GM) Price Prediction and Forecast 2025-2030 (May 2025)
Shares of General Motors (NYSE:GM) gained 10.21% over the past month, nearly doubling the gain of the S&P 500 over the same period. On May 28, it was reported that the company will invest $888 million at its Buffalo, N.Y.-based Tonawanda Propulsion plant to build its next-generation V8 engines. Despite GM’s significant investments in EVs, the legacy automaker saids it will start the small-block V8 production in 2027. The stock remains down 2.94%…
NASCAR Fans React to General Motors’ $300 Million EV Abandonment
At the start of the 2025 season, NASCAR debuted its first electric vehicle (EV) prototype at the Daytona 500, with the Chevrolet Blazer EV SS as its pace car. This marked the first all-electric pace car to be used in any capacity in the sport, and it came with widespread disapproval. Ford had also followed in their footsteps, debuting a Mustang Mach E in Charlotte, North Carolina, the home of the sport, and fans started to worry about an all-ele…
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