GM POWERTRAIN TO MAKE ANNOUCEMENT ABOUT INVESTMENT IN BEDFORD ON FRIDAY
BEDFORD - NOVEMBER 16, 2022 -General Motors Corporation is set to make a major announcement regarding the GM Powertrain Plant on Friday.
The City of Bedford approved a ten-year tax abatement for the facility, to help attract additional investment in the Bedford Plant. 15 percent of the tax abatement will be allocated to the Bedford Redevelopment Commission.
In December of 2021, in a press release given to the Lawrence County Zephyr, General Motors that the company will be investing more than $51 Million in the Bedford Plant.
The automaker says it will install state of the art equipment to support the manufacture of drive unity castings for the Cheverolet Silverado EV, as well as other existing applications.
GM says it will begin renovation work at the 1 million square foot aluminum die cast foundry immediately.
A new building was constructed at the GM Property for $300,000 according to the Bedford Planning Department permits issued in October.
The GM Powertrain Bedford employees 900 workers which opened in 1942.
General Motors has placed over $800 Million in investment in the Bedford Plant over the last ten years.
General Motors is looking forward to the new EV technology and believes that the Bedford Plant can step in supporting the vehicle portfolio with die casting expertise unmatched in the auto industry.
" We can look forward to the opportunities that will las, and this union leadership will fight for that solution. We want to work that will help ensure that even the employees, with little senority, if they choose can count on retiring from Bedford," said Cronin.
" Todays, announcement feels like a double-edged sword. Your local Union will maintain the fight for new work, new full-time jobs, and technology that supports both. It will take time, but we all want sustainability for this facility," said Cronin in announcement to UAW 440 members following an announcement with the layoffs of 70 SPM employees in December.
General Motors plan to offer 30 new Electric Vehicles globally by 2025.