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Fortune
Fortune
Business
Nick Lichtenberg

GM just boosted its U.S. manufacturing spend to $6 billion in one year—and it may be returning to the idea that made it great

gm (Credit: Courtesy of General Motors)

General Motors has now committed more than $6 billion to U.S. manufacturing in just 12 months—and the latest installment, an $830 million infusion across three propulsion plants announced Wednesday, is starting to look less like a spending spree and more like a strategic homecoming.

The new funding includes flows to Romulus Propulsion Systems in Michigan ($300 million, its second such investment after an identical commitment last year) to expand 10-speed transmission capacity for full-size trucks and SUVs; Toledo Propulsion Systems in Ohio ($40 million, also a second tranche) for light-duty truck transmissions; and Saginaw Metal Casting in Michigan ($150 million) to boost production of heads for sixth-generation V-8 engines destined for next-generation pickups and Corvettes.

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