logo
GM invests $888 million to make engines at New York plant

GM invests $888 million to make engines at New York plant

General Motors Co. is pouring $888 million into a plant near Buffalo, New York, to make V-8 engines used in full-size SUVs and trucks, the company said Tuesday.
The capital infusion into Tonawanda Propulsion will pay for new machinery, equipment, tools and renovations as the plant gears up to start making the next generation of V-8 engines in 2027.
The announcement comes as GM grapples with pressure from President Donald Trump to increase U.S. manufacturing or pay hefty import taxes has imposed on vehicles and auto parts made outside of the United States.
'Our significant investments in GM's Tonawanda Propulsion plant show our commitment to strengthening American manufacturing and supporting jobs in the U.S.,' CEO Mary Barra said in a statement. 'GM's Buffalo plant has been in operation for 87 years and is continuing to innovate the engines we build there to make them more fuel efficient and higher performing, which will help us deliver world-class trucks and SUVs to our customers for years to come.'
The company invested $70 million in the plant in 2020 as part of an effort to ramp up production of Chevrolet Silverado and GMC Sierra pickups.
Tonawanda is the second GM propulsion plant to make sixth generation V-8 engines. The automaker in 2023 spent another $500 million to get its Flint Engine plant ready to make engines that the company says will be 'stronger performance than today's engines while benefiting fuel economy and reducing emissions,' citing new combustion and thermal management innovations.
'This investment marks an exciting new chapter for our plant,' said Tara Wasik, plant director at Tonawanda. 'For generations, our team has demonstrated its commitment to manufacturing excellence. We are grateful for the opportunity to continue supporting the Western New York community and steadfast in our mission to deliver world-class propulsion systems to our customers.'
A Detroit News request for comment to the United Auto Workers local president was not immediately returned Tuesday.
___
© 2025 www.detroitnews.com.
Distributed by Tribune Content Agency, LLC.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Madagascar Courts UAE Investment to Offset US Tariff Threat
Madagascar Courts UAE Investment to Offset US Tariff Threat

Bloomberg

time15 minutes ago

  • Bloomberg

Madagascar Courts UAE Investment to Offset US Tariff Threat

Madagascar is seeking to boost investments from the United Arab Emirates to spur growth in its tourism and energy sectors, a partnership that's become more urgent as its faces steep tariffs from the US. President Donald Trump in April threatened a 47% reciprocal tariff — one of the world's highest — on the Indian Ocean island nation, before replacing it with a 10% universal levy. He's given most countries until July 8 to strike a deal or risk reinstatement of the tariffs.

How Britain's biggest companies are preparing for a Third World War
How Britain's biggest companies are preparing for a Third World War

Yahoo

time36 minutes ago

  • Yahoo

How Britain's biggest companies are preparing for a Third World War

The year is 2027 and a major global conflict has erupted. Perhaps China has launched an attempted invasion of Taiwan, or Russian forces have crossed into the territory of an eastern European Nato country. Whatever the case, Justin Crump's job is to advise big companies on how to respond. And with tensions rising, a growing number of chief executives have got him on speed dial. The former Army tank commander, who now runs intelligence and security consultancy Sibylline, says his clients range from a top British supermarket chain to Silicon Valley technology giants. They are all drawing up plans to keep running during wartime, and Crump is surprisingly blunt about their reasoning: a global conflict may be just two years away. 'We're in a world which is more dangerous, more volatile than anything we've seen since the Second World War,' he explains. There are lots of crises that can happen, that are ready to go. 'Chief executives want to test against the war scenario, because they think it's credible. They want to make sure their business can get through that environment.' He rattles off a series of smouldering international issues – any one of which could ignite the global tinderbox – from Iran's nuclear ambitions, to China's threats to Taiwan, to Vladimir Putin's designs on a Russian sphere of influence in Ukraine and beyond, as well as Donald Trump's disdain for the post-1940s 'rules-based international order'. Against this backdrop, planning for war is not alarmist but sensible, Crump contends. With all these issues building, 2027 is viewed as the moment of maximum danger. 'The worst case scenario is that all these crises all overlap in 2027,' he explains. 'You've got the US midterms, which will have taken place just at the start of that year, and whatever happens there will be lots of upset people. It's also the time when a lot of the economic disruption that's happening now will have really washed through the system, so we'll be feeling the effects of that. And it's also too early for the change in defence posture to have really meant anything in Europe.' Putin and Xi Jinping, the president of China, are acutely aware of all this, he says, and may conclude that they should act before the US and Europe are more fully rearmed in 2030. 'In their minds now, the clock is ticking,' he adds. He also points to major British and Nato military exercises scheduled to take place in 2027, with American forces working to a 2027 readiness target as well. 'There's a reason they're doing it that year – because they think we have to be ready by then,' Crump says. 'So why shouldn't businesses also work off the same thinking and plan for the same thing?' He is not alone in arguing that society needs to start expecting the unexpected. In 2020, the Government established the National Preparedness Commission to ensure the UK was 'significantly better prepared' for the likes of floods, power outages, cyber attacks or wars. It has urged households to keep at least three days' worth of food and water stockpiled, along with other essential items such as a wind-up torch, portable power bank, a portable radio, spare batteries, hand sanitiser and a first aid kit. 'In recent years a series of high-impact events have demonstrated how easily our established way of life can be disrupted by major events,' the commission's website says – pointing to the coronavirus pandemic, recent African coups, Russia's invasion of Ukraine and turmoil in the Middle East. Britain is also secretly preparing for a direct military attack by Russia amid fears that it is not ready for war. Officials have been asked to update 20-year-old contingency plans that would put the country on a war footing after threats of attack by the Kremlin. All of this has led major businesses to conclude that perma crisis is the new normal, Crump says. In the case of Ukraine, Western sanctions on Russia forced companies to choose between continuing to operate heavily-constrained operations in Russia, selling up, or walking away entirely. Crump recalls speaking to several clients including a major energy company in the run-up to Russia's invasion of Ukraine in February 2022. He and his colleagues urged the business to evacuate their staff, at a point when it was still received wisdom that Putin wouldn't dare follow through with his threats. 'I had almighty arguments with some people in the run-up, because I was very firmly of the view, based on our data and insights, that the Russians were not only invading, but they were going for the whole country. But other people in our sector were saying, 'No, it's all a bluff'. 'Their team came to me afterwards and said: 'After that call, we were convinced, and we got our people out'. They got a lot of grief for that at the time, from people who were saying it was all nonsense. 'But then on the day of the invasion, they told me they got so many calls actually saying 'thank you for getting us out'.' Yet even in Ukraine, much of which remains an active war zone, life must go on – along with business. 'I've been to plenty of war zones,' says Crump. 'And people are still getting on with their lives, there's still stuff in supermarkets, and things are being made in factories – but that certainly all gets a lot more difficult.' In the case of a major British supermarket, how might executives plan for, say, a Chinese invasion of Taiwan? The first question is how involved the UK expects to be, says Crump. But if Britain, as might be expected, sides with the US at least in diplomatic terms, 'we're not buying anything from China'. That immediately has implications for a company's supply chains – are there any parts of the supply chain that would be crippled without Chinese products? But as the recent cyber attack on Marks & Spencer has demonstrated, attacks on critical digital infrastructure are also a major risk to supermarkets in the event of a war with China or Russia. 'If you look at a retailer, the vulnerability is not necessarily whether or not they can transport stuff to the shop, even in a war zone,' says Crump. 'The problem becomes when you can't operate your systems. 'If you can't take money at the point of sale, or if you have no idea where your stock is because your computer system has been taken down, you've got major problems and you can't operate your business.' In a scenario where Britain becomes involved in a war itself, Crump says employers may also suddenly find themselves with gaps in their workforces. He believes things would need to get 'very bad indeed' for the Government to impose conscription, which applied to men aged 18-41 during the Second World War. But he points out that the calling up of British armed forces reservists would be very likely, along with the potential mobilisation of what is known as the 'strategic reserve' – those among the country's 1.8 million veterans who are still fit to serve. There are around 32,000 volunteer reservists and an undisclosed number of regular reserves, former regular members of the armed forces who are still liable to be called up. 'There's a big pool of people we don't tap at the moment who are already trained,' explains Crump. 'But there would be consequences if the entire reserve was called forward, which would have to happen if we entered a reasonably sized conflict. It would certainly cause disruptions. 'The medical services are hugely integrated with the NHS, for example, and we saw the effects of them being called forward with Iraq and Afghanistan.' The sort of supermarket chaos that erupted during the Covid-19 pandemic would also return with a vengeance if a significant conflict broke out. During that crisis, grocers had to limit how many packs of loo rolls and cans of chopped tomatoes shoppers were allowed to take home, among other items, because of supply chain problems. 'If we're in a conflict, that sort of supply chain activity would increase,' notes Crump. 'So you don't necessarily have rationing imposed, but there might be issues with food production, delivery, payment and getting things to the right place. 'In a world where we don't have our own independent supply chains, we're reliant on a lot of very interconnected moving parts that have been enabled by this period of peace. 'We've never been in a conflict during a time where we've had 'just in time' systems.' Crump brings up the recent blackouts in Spain and Portugal. British grocers initially thought their food supplies would be completely unaffected because truck loads of tomatoes had already made their way out of the country when the problem struck. But the vehicles were electronically locked, to prevent illegal migrants attempting to clamber inside when they cross the English Channel and could only be unlocked from Spain – where the power cuts had taken down computer systems and telecoms. 'People in Spain couldn't get online, so we had locked trucks full of tomatoes sitting here that we couldn't open because of technology,' Crump says. 'No one had ever thought, 'But what happens if all of Spain goes off the grid?' And I'm sure the answer would have been, 'That'll never happen' anyway.' This tendency towards 'normalcy bias' is what Crump tries to steer his clients away from. While it isn't inevitable that war will break out, or that there will be another pandemic, humans tend to assume that things will revert to whatever the status quo has been in their lifetimes, he says. This can mean we fail to take the threat of unlikely scenarios seriously enough, or use outdated ways of thinking to solve new problems. 'We've had this long period of peace and prosperity. And, of course, business leaders have grown up in that. Military leaders have grown up in it. Politicians have grown up in it. And so it's very hard when that starts to change. 'People have grown up in a world of rules. And I think people are still trying to find ways in which the game is still being played by those old rules.' Unsurprisingly, given his line of work, Crump believes businesses must get more comfortable contemplating the unthinkable. 'Go back a decade and most executives did not want to have a crisis because a crisis is bad for your career, so they didn't want to do a test exercise – because you might fail,' Crump adds. 'But the whole point is that you can fail in an exercise, because it's not real life.' At least, not yet. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.

FTSE 100 LIVE: Markets mixed as China accuses US of violating trade deal, promises to respond
FTSE 100 LIVE: Markets mixed as China accuses US of violating trade deal, promises to respond

Yahoo

time36 minutes ago

  • Yahoo

FTSE 100 LIVE: Markets mixed as China accuses US of violating trade deal, promises to respond

The FTSE 100 (^FTSE) edged up while European stocks slipped on Monday as China said the US "severely violated" the terms of their recent trade truce. Chinese officials said they would take strong measures to defend the country's interests. The two countries recently agreed to a 90-day moratorium after talks in Geneva, pledging to lower the tariffs on each other's goods. The US lowered its levy on imports from 145% to 30%, while China dropped its import tariff from 125% to 10%. China said the US had "seriously undermined" the agreement. The comments come after US president Donald Trump said on Friday that China had "totally violated its agreement with us". Beijing said violations included the US blocking sales of computer chip design software to Chinese companies and warning against the use of Chinese computer chips made by companies such as Huawei. They also said the US had cancelled visas for Chinese students. London's premier index was up 0.2% at the opening bell in London. Defence contractor Babcock International (BAB.L) rose the most, as the UK announced plans to build up a fleet of 12 attack submarines. Germany's DAX (^GDAXI) fell slightly, while the CAC 40 (^FCHI) was 0.2% lower. The pan-European STOXX 600 (^STOXX) was down 0.1%. Last week, Europe agreed its own stay of execution in trade negotiations with the US, pushing back the implementation of a 50% import tariff to July while talks continue on a possible deal. Here's Pedro Goncalves full take on UK house prices: Views from the market: Jonathan Hopper, CEO of Garrington Property Finders, said: CEO of Yopa, Verona Frankish, said: Tony Redondo, founder at Cosmos Currency Exchange said: House price growth edged up in May, according to Nationwide. Here are the headlines from their report: Annual rate of house price growth increased marginally in May to 3.5%, compared to 3.4% in April House prices were up 0.5% month on month House prices in predominantly rural areas have risen by 23% over the last five years, compared to 18% in more urban areas The average price in May was £273,427, compared with £270,752 in April. Robert Gardner, Nationwide's chief economist, said: Asian stocks traded lower on Monday as trade tensions, again, escalate between the US and China. US stock futures edged lower Monday morning, as investors turned the page on a bullish May and eyed the month ahead with trade uncertainty lingering. S&P 500 futures (ES=F) were down 0.4%, as futures tied to the Dow Jones Industrial Average (YM=F) sank 0.5%. Contracts tied to the Nasdaq 100 (NQ=F) slipped 0.6%. The tepid start to June follows a standout May: The S&P 500 (^GSPC) rallied more than 6% in its best month since November 2023 and best May since 1990. The Nasdaq Composite (^IXIC) soared 9%, and the Dow (^DJI) notched a 4% gain. Tech stocks led the charge, as investor optimism around AI and resilient economic data fuelled risk appetite. Read more on Yahoo Finance Hello from London. Lucy Harley-McKeown here, ready to bring you the markets and business news of the day. We have a few diary items to start us off: PMI releases for the EU, UK and US Nationwide's house price index The monthly money and credit report from the Bank of England In the US, corporate results from Campbell Soup (CPB). Let's get to it. Here's Pedro Goncalves full take on UK house prices: Views from the market: Jonathan Hopper, CEO of Garrington Property Finders, said: CEO of Yopa, Verona Frankish, said: Tony Redondo, founder at Cosmos Currency Exchange said: House price growth edged up in May, according to Nationwide. Here are the headlines from their report: Annual rate of house price growth increased marginally in May to 3.5%, compared to 3.4% in April House prices were up 0.5% month on month House prices in predominantly rural areas have risen by 23% over the last five years, compared to 18% in more urban areas The average price in May was £273,427, compared with £270,752 in April. Robert Gardner, Nationwide's chief economist, said: Asian stocks traded lower on Monday as trade tensions, again, escalate between the US and China. US stock futures edged lower Monday morning, as investors turned the page on a bullish May and eyed the month ahead with trade uncertainty lingering. S&P 500 futures (ES=F) were down 0.4%, as futures tied to the Dow Jones Industrial Average (YM=F) sank 0.5%. Contracts tied to the Nasdaq 100 (NQ=F) slipped 0.6%. The tepid start to June follows a standout May: The S&P 500 (^GSPC) rallied more than 6% in its best month since November 2023 and best May since 1990. The Nasdaq Composite (^IXIC) soared 9%, and the Dow (^DJI) notched a 4% gain. Tech stocks led the charge, as investor optimism around AI and resilient economic data fuelled risk appetite. Read more on Yahoo Finance Hello from London. Lucy Harley-McKeown here, ready to bring you the markets and business news of the day. We have a few diary items to start us off: PMI releases for the EU, UK and US Nationwide's house price index The monthly money and credit report from the Bank of England In the US, corporate results from Campbell Soup (CPB). Let's get to it.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store