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Wednesday, January 25, 2023

General Motors Invests Almost A Billion Dollars To Keep The V8 Alive


General Motors says they’re not done with the V8 engine. Just today, the American automaker announced a USD 918 million investment to prepare their manufacturing facilities to, among others, make and assemble the sixth-generation small block V8.

Details, timing, performance, and features related to the next-generation V8 will be released in due time, but it’s understood to power its full-size truck and SUVs. And despite going electrified, it could likely power at least a variant of the Corvette as well.

The investment covers four U.S. manufacturing sites.

Furthermore, an additional USD 64 million investment has been made for casting and components to support EV production.

“Today we are announcing significant investments to strengthen our industry-leading lineup of full-size pickups and SUVs by preparing four U.S. facilities to build GM’s sixth generation Small Block V-8 engine,” said Gerald Johnson, GM executive vice president of Global Manufacturing and Sustainability. “These investments, coupled with the hard work and dedication of our team members in Flint, Bay City, Rochester and Defiance, enable us to build world-class products for our customers and provide job security at these plants for years to come.”

These investments bolster GM’s U.S. manufacturing operations, which includes more than 50 assembly, stamping, propulsion and component plants, and parts distribution centers nationwide. It also highlights the company’s commitment to continue providing customers a strong portfolio of ICE vehicles well into the future while continuing to accelerate its transformation to an all-electric future.

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