General Motors announced today it plans to invest significant cash – to the tune of more than $494 million – to build out its next generation fuel efficient Ecotec engine at three of its U.S. plants. This investment will bring along with it 550 jobs, as well as facility renovation, new machinery, equipment and special tooling.
GM said it will share more specifics about the engine capabilities as well as product applications at a later date. The most current generation of the Ecotec 2.4L, four-cylinder engine is available in the Buick LaCrosse, Chevrolet Equinox and GMC Terrain and was recently recognized as a top engine for, among other reasons, power, fuel efficiency and new technology. The Ecotech is also available in 2.0L and 2.2L displacements.
GM plans to put the bulk of this capital investment into its Tonawanda, NY plant, spending $425 million that will add capacity for the next generation Ecotec engine at 370,000 per year and bring about 470 jobs to that community. Smaller investments are planned also at the Defiance, OH and Bay City, MI plants. “GM is transforming its product portfolio to reduce fuel consumption and emissions, and the next generation Ecotec engine is an integral part of that transformation,” said Denise Johnson, vice president – labor relations, in a statement. “The investment in state-of-the-art four-cylinder engines is another example of GM’s commitment to replace larger-displacement engines with more compact, advanced four-cylinder engines that optimize fuel savings and performance.