Good News for the PM Industry

General Motors announced a new round of capital investments for four U.S. plants, totaling $918 million, mainly for the production launch of a new, small block Gen6 V-8 engine, but also to increase output of GM’s battery electric vehicle (EV) products.

Of the investment, $216 million is targeted for GM’s Bay City Global Propulsion Systems plant, Bay City, Michigan, to produce camshafts and connecting rods, and machine engine blocks and heads for the new V-8. GM emphasized that these investments confirm its “commitment to continue providing customers a strong portfolio of ICE (internal combustion engine) vehicles well into the future, while continuing to accelerate its transformation to an all-electric future.”

The new V-8 will be the sixth generation of that engine series, the first update since 2013. GM did not offer design details for the new aluminum engine but noted that it will be installed in full-size pickup trucks and SUVs.