General Motors invests $854 million in the production of V8 engines during the shift toward EVs
- January 21, 2023
At General Motors, the “ICE” era is definitely not over. In order to produce a new generation of V8 internal combustion engines (ICE) for its full-size trucks and SUVs, the automaker has announced an $854 million investment in four factories.
“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,” Gerald Johnson, GM executive vice president of Global Manufacturing and Sustainability, said.
The funds will be used for the production of engines and parts at the Flint Engine Operations and Bay City GPS in Michigan, the Defiance Operations in Ohio, and the Rochester Operations in New York, respectively.
As part of its $35 billion plan to spend on EVs and autonomous technology through 2025, an additional $64 million has been allocated for component production at Defiance and Rochester.
Although General Motors has stated that internal combustion engine powertrains will continue to be used in certain product segments as the EV technology evolves, it is the company’s goal to convert its entire light duty lineup to electricity by 2035. This year, the company will also launch a Chevrolet Silverado EV full-size pickup truck.
In November, GM president Mark Reuss stated to FOX Business, “We’re not going to abandon our internal combustion engine segments.”
“We’ve got truck leadership with GMC and Chevrolet. We’ve got it across our midsize trucks, our full-size trucks and then beyond.”
In 2022, General Motors was the top-selling large pickup and SUV manufacturer in the United States.
There were no announcements regarding the sixth-generation V8 or the vehicles for which it will be used.