GM Shows It’s Serious About Diesel With New Investments

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

General Motors

General Motors (NYSE:GM) and joint venture partner Isuzu Motors Ltd. will be investing another $60 million in their U.S. diesel engine project, DMAX Ltd., which will allow for design changes in order to meet future emission requirements and hold on to 500 jobs at a plant in Moraine, Ohio.

DMAX was founded in 1998, and since its production began in 2000, it has produced more than 1.6 million diesel engine units for heavy-duty trucks in America, Reuters reports, adding that GM’s stake in the venture is 60 percent.

The plant — and the venture — produces the 6.6-liter Duramax turbo-diesel that is found in Chevrolet’s and GMC’s heavy-duty pickups and its cargo vans. The two companies have sunk $760 million into the venture since 2000; DMAX will also be producing the smaller 2.8-liter unit that will be found in the forthcoming Chevrolet Colorado and GMC Canyon for the 2016 model year.

General Motors is also considering a diesel engine addition to its menu of engine options for the light-duty Silverados and Sierras, though it has not confirmed any plans to do so.

More Articles About:

To contact the reporter on this story: To contact the editor responsible for this story:

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business